Archive | September, 2008

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Fair dinkum, Bruce, Sheila etc

I am taking a well-earned break in Perth, Western Australia until early next week so this blog will be quiet until then.

And no, I am unlikely to find out anything interesting on feedstock issues surrounding the Australian cracker as …

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“Real” people start to suffer even more

I grew up in a small town called Bingley in West Yorkshire in the UK, where there are two major employers – the head offices of a building society (or what was once a building society, but became a failed …

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Tainted food hits polymer sales

As if the problems confronting China’s polyolefin markets were not enough, sales have apparently been further hit by the tainted food scares which began with baby’s milk.

A wide range of products are now affected with Cadbury becoming the latest …

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The big challenges

As delegates gather for this year’s European Petrochemical Association meeting in the unreal world of Monaco (unreal for the 99.9 per cent recurring of us who don’t own Ferraris), I thought it was worth summarising some of the issues discussed …

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Crikey, did I eat that much?

The old saying “there’s no such thing as a free lunch” has at last been proved true with the virtual collapse of the global financial system – and with it, quite possibly, the world’s economy.

But for the last decade …

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Even Middle East funding is under threat

The reach of the credit crisis is such that liquidity is even becoming hard to come by in the hugely wealthy Middle East, according to this report.

With so few petrochemical projects officially announced for the region post-2012 (although I …

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Historic polyolefin market collapse

For the first time, quite probably, since the Chinese economy opened some producers are predicting that polyolefin demand growth could be flat or even negative this year. In the case of PE, reports are emerging of sales declines above 20% …

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Did Paulson’s wife have to get up early?

I can just picture the scene in the Paulson household, poor old Hank’s wife having to get up early to prepare his “snap tin” so he could off to work shifts at the weekend.

He would then take his lunch, …

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Changing nature of demand

As oil prices keep on falling, it might be tempting to forget the big picture. I had another frustrating conversation yesterday with a contact who believes that there’s nothing to worry about on crude (it was all downs to speculators, …

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Eggheads are annoying

The smarty pants at BASF seem to have got it right again with their $6.1bn bid for Ciba Specialty Chemicals and rumours that they might also be after Clariant.

Talking about counter-cyclical investment is one thing, but doing it is …

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