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The Weekly News Update is a weekly
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India - Import of
soda ash from the US set to rise soon Source:
The Economic Times, 29 April 2008
The Indian and US soda ash industry have
been in a face-off since 1996, when the US export cartel American
Natural Soda Ash Corp's (Ansac) attempt to enter India was thwarted
by intense lobbying efforts by Indian producers. However, this is
set to be changed as demand for soda ash
rises.
In India, soda ash is made by a few players and the list
includes Tata Chemicals, Nirma, GHCL, DCW and Saurashtra Chemicals.
Indian capacity is moving on, from largely meeting domestic demand,
to becoming global in size and reach. India's soda ash consumption
is rapidly increasing, growing at 5% compared with a 2% global
growth. Indian soda ash capacity is expected to grow by 34% to 4.3
million tons in 2009. But greenfield sites are expensive: a 400,000
tons capacity could cost about US$225 million to set
up.
China - Higher carbamide
costs put pressure on fertilizer makers Source:
Asia in Focus, 29 April 2008
Production costs of carbamide in East
China's Shandong province grew by RMB150-300/ton (US$21.5-US$43/ton)
in recent months, affecting grain output. Statistics show that the
present purchase prices of carbamide reached RMB900-1,050/ton
(US$128-US$150/ton) in Shandong in comparison to RMB760/ton
(US$108.8/ton) in January 2007.
China will add 7.3 million tons
of carbamide production capacity in 2008-2009, and its carbamide
output will reach 57 million tons in 2008. Fertilizer producers may
obtain less profit as a result of the rise in production costs and
the government's tight control over fertilizer retail
prices.
Indonesia - Pertamina plans
to build polypropylene plant Source: Reuters
News, 02 May 2008
Indonesian state oil firm Pertamina plans
to build a polypropylene plant near its 125,000 barrels-per-day
Balongan refinery complex in West Java. The polypropylene plant will
cost around US$200 million with a production capacity of around
200,000 tons a year.
Indonesia currently has a production
capacity of around 600,000 tons per year of polypropylene. Indonesia
is Asia Pacific's only member of OPEC, but ageing fields and lack of
investment has made the country a net crude oil importer in recent
years, although it is still a net energy exporter, thanks to a huge
supply of natural gas and coal.
View an example of our experience in this
industry.
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This Weekly News Update is a free newsletter,
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