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Asian Chemical Connections

Wrong Assumptions Drive Shipping, C2 Investments

The goat has been got    Source of picture: michaelscomments.wordpress.com   By John Richardson EARLIER this week we blogged on the 25 or so ethylene carriers that could be delivered into the shipping market by 2013 and the risk this poses to freight rates. Thanks to one of our readers, Mark Mirosevic-Sorgo – managing director of […]

The perils of forecasting

By Malini Hariharan This is a tough time for those who are in the business of forecasting. Predictions of petrochemical margins hitting the bottom in 2009 have so far not materialised and volumes from new plants are being digested quite easily. “What’s happening? It is hard to understand the [market] situation; until when can you […]

Iran Sanctions Lead To Illegal Shipments Claim

Source of picture: http://www.westernesa.com/   By John Richardson AN allegation has been made that traders could be changing bills of lading on cargoes of a certain liquids chemical being shipped out of Iran in an effort to get round tougher international sanctions. “What is I suspect is happening is that a cargo loaded in Iran […]

Don’t worry, be happy

By Malini Hariharan The blog was able to talk to a Korean polyolefins producer who was not perturbed by the recent weakness in Chinese demand and was fairly confident of selling October volumes. “It’s the holiday season so converters do not want to buy. But I see no reason to lower prices. We have sold […]

Chandra Asri And TriPolyta To Merge

By John Richardson The consolidation talked about in Indonesia for more than ten years – that between cracker operator and polyethylene (PE) producer Chandra Asri and polypropylene (PP) producer TriPolyta – is finally set to happen by January next year. Now it will be up to the companies to make the synergies work with the most […]

Ethylene Freight Rates Head For Collapse

“If I didn’t care what happens to you….” Source of picture: www.sydbarrett.com   By John Richardson AS many as 25 new ethylene vessels could be in operation by 2013 as a result of what one shipping industry source told the blog was “irresponsible shipping brokers and consultants talking up the market”. He predicted that the […]

China, Russia To Boost Iranian Ethylene Trade?

Iran’s South Pars gas field Source of picture: www.petropars.com   By John Richardson THE ability of Iran to further exploit its huge natural gas reserves – and in so doing maintain ethylene exports at constant levels throughout the year – now appears to hinge on Chinese investment (Western companies have withdrawn from the Iranian energy […]

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