Archive | May, 2010

doom-and-gloom.jpg

Old Assumptions Might Belatedly Change

 

Source of picture: http://www.andrewgriffithsblog.com/

 

 

By John Richardson

DOOM-MONGERS are scratching their heads as to why the global petrochemicals industry has remained in such a healthy state over the past 18 months.

Old assumptions are, as a result, …

Continue Reading
tehran_barf_dey_85.jpg

Sinopec and Iran’s NPC Sign Investment MOU

Out of the investment deep-freeze?

Source: tehrandaily.wordpress.com

 

By John Richardson

A VERY interesting story from my colleague Bee Lin Chow on ICIS news today reports the signing of a memorandum of understanding (MOU) between Sinopec and Iran’s National Petrochemical …

Continue Reading

Unravelling China’s polyolefin numbers

By Malini Hariharan

There is some good and not so good news from China. Import and production numbers for January to April are now available and they tell an interesting story.

The good news is that Chinese demand, measured in …

Continue Reading

End-users Acting As Traders Influence China PE Price Correction

By John Richardson

LAST week’s sharp decline in polyethylene (PE) pricing in China is being partly blamed on converters who occasionally act as traders liquidating their raw-material inventories.

Trading activity by end-users can account for more than 10% of total …

Continue Reading
Ticker.jpg

Petchem stocks attract buying interest

By Malini Hariharan

Is this the right time to buy petrochemical stocks? Asian equity analysts are having a tough time answering this question being posed by portfolio managers across the region.

They are seeing a ‘mini downcycle’ emerging with a …

Continue Reading

Financial Sector Fear Looms Large

By John Richardson

WE will explore the following issues in a lot more detail over the coming days, assuming that the crude and financial market turmoil continues.

But for now here follows the interpretation of the crisis from a source with …

Continue Reading

Price slide intensifies

By Malini Hariharan

The weakness in Asian markets is spreading with steep drops also being reported in olefin prices.

Ethylene prices dropped by $160-170/tonnes last week while propylene declined $90-110/tonne, writes my colleague Soo Hwee, ICIS pricing editor for olefins.…

Continue Reading
gordon-gekko-from-wall-street.jpg

Chemicals Face More Financial Sector Damage

Greed definitely not good for chemicals….

Source of picture: reelmovienews.com

 

By John Richardson

THE chemicals industry is once again confronting the risk of being badly damaged by the ever-more interconnected oil, other hard commodity, currency and equity markets.

As …

Continue Reading
news-graphics-2007-_652412a.jpg

Ouch! China High Inventories At Worst Possible Time

Is The China Party Over? Hope you’ve got plenty of aspirin..

Source: The Daily Telegraph

 

By John Richardson

Apologies to our readers for a fairly quiet week on the blog this week – my fellow blogger Malini and I …

Continue Reading

Project activity picks up

Despite the uncertainty surrounding markets prospects and the risk of another demand-led downturn, petrochemical producers are busy planning expansions and new investments.

At last week’s Apic conference in Mumbai, a source close to Total Petrochemicals revealed that the company was …

Continue Reading