Archive | February, 2010

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THE US: Recovery, What Recovery?

 

 

Source of picture: http://www.infiniteunknown.net/

 

By John Richardson

CORE consumer prices in the US declined for the first time in December since 1982, according to the latest American Chemistry Council (ACC) Weekl;y Chemistry and Economic Trends report.

And …

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Action in the propylene market

By Malini Hariharan

Just when Asian propylene prices started easing comes news of disruptions in production and price hikes in the West.

Propylene availability in Europe was hit after a strike by Total’s refinery workers early in the week resulted …

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The Dangers of Forgetfulness

By John Richardson

“IF YOU want to develop a good memory, you should learn to stop xxxxxxx forgetting, you brain-dead idiot” a former editor of mine often said, in his charming Glaswegian accent, after I had made the same mistake …

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Optimism as China returns

By Malini Hariharan

The China market appears to have started the year of the tiger on a strong note. We are not yet hearing a roar but at least it is not a whimper.

Pic source: Xinhua

A polyolefin market …

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Reliance makes it next move in quest for LyondellBasell

By Malini Hariharan

It is not surprising to read that Reliance Industries has raised its offer for LyondellBasell by $1bn to $14.5bn. The blog had been told last month that a higher offer was one of the strategic moves that …

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Ethylene Margin Feast On Borrowed Time

By John Richardson

A remarkable feature of early 2010 has been the tremendous margins enjoyed by Asian ethylene producers.

Profitability in February, up until the end of the second week, had been the strongest since 2001, according to my colleagues …

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Asian Aromatics Crawl Towards Post-Chinese New Year

A roar or a whimper?

Source of picture: http://break4fun.zarke.net

 

By John Richardson

THE ASIAN aromatics market has had “both its legs chopped off below the knees, and has also had its proverbial hands broken,” said an Asian-based petrochemicals consultant …

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China Polyolefin Inventories Surge

A post-Chinese New Year dream….

Source of picture: http://www.scsa.net.au/

 

 

By John Richardson

The large amount of polyolefins delivered to China over the past few months is causing further head-scratching and anxiety among producers and traders.

One view, well …

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Map Ta Phut pressure mounts

By Malini Hariharan

PTT Chem is likely to miss its revenue growth target of 20% this year because of the Map Ta Phut crisis.

The company had set a 2010 revenue target of about Baht100bn (US$3bn), up from Baht80bn in …

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India to investigate PP imports from Korea, Taiwan and the US

By Malini Hariharan

India will soon initiate an anti-dumping investigation into polypropylene (PP) imports from South Korea, Taiwan and the US. This follows an application made by Indian PP producers last year.

A couple of market sources have forwarded the …

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