Archive | June, 2011

European PE, PP below Euros1,000/tonne

By John Richardson

JOURNALISTS are often accused of exaggeration for the sake a good story, but it is genuinely no exaggeration to say that markets are in free-fall.

Last week we reported on how European polyolefin pricing was on a …

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Clinging On To Vain Hopes

By John Richardson

ANYONE clinging on to the hope that the weakness in the global polyolefin market is merely down to China going through a prolonged period of destocking could face a rude awakening.

China’s polyethylene (PE) demand was down …

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Boom, Gloom and the New Normal – Chapter 2 Published Today

Chapter 2 of Boom, Gloom and the New Normal is published today.

In a completely new and challenging analysis we argue:

• The Western BabyBoomers boosted chemical demand for housing, autos and electronics during their peak consumption years between 1980-2000. …

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PE Market Weakness Spreads To US

By Malini Hariharan

After Europe, the US polyethylene (PE) market has started showing increasing signs of weakness. Spot offers have rapidly fallen putting downward pressure on June contracts that are currently under negotiation. Producers may have no choice but to …

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European Markets Weaken Further

By John Richardson

THE dreadful state of European polyolefin markets became even more evident late last week as prices continued their declines.

Discussions on further reductions in European olefin contract prices were also set to begin today.

High density polyethylene …

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Chemicals Buying & The IEA Decision

 

By John Richardson

CHEMICALS and polymer demand looks even less likely to be supported by “buying forward” following yesterday’s decision by the International Energy Agency (IEA) to release 60m barrels of crude into the market.

Here is a bit …

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Chemicals “Spin” Will Continue

By John Richardson

THE reluctance of sell-side chemicals analysts to downgrade their forecasts should be severely tested by the Federal Reserve’s decision to downgrade its outlook for the US economy.

US GDP growth will now be only 2.7-2.9% in 2011 …

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Saudi Arabia’s energy challenge

By Malini Hariharan

Saudi Arabia’s growing oil demand is rapidly becoming a matter of concern for the country’s planners. A new report forecasts that the Kingdom could fail to meet domestic demand in 2030 if current consumption trends are maintained. …

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US Olefins, Polyolefins In Denial

 

By John Richardson

THE majority of financial analysts seem to be clinging on to the hope that the recovery in petrochemicals demand from China is about to happen.

This doesn’t just apply to our industry. Analysts across many sectors …

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Chemical Shares Fall From “Buzz Mountain” Summit

By John Richardson

CHEMICAL share prices have surged to the top of what one industry observer calls “buzz mountain” during the last six months.

The buzz has been centred on the supercycle theory which holds that recent corrections in commodity …

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