Archive | June, 2011

Misplaced Faith In China Recovery

By John Richardson

WEAKER domestic consumption-growth in China represents a major challenge to the argument that global petrochemicals demand, and therefore pricing, will see a strong recovery during 2011.

Price declines continued last week with low-density polyethylene (LDPE) down a …

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India polymers slide once again

By Malini Hariharan

The messenger’s prediction has turned out to be correct. Indian polymer producers have been forced to reduce domestic prices to match levels seen in the wider Asian market.

The week started with a downward revision to polypropylene …

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Banking on gas

By Malini Hariharan

Is the International Energy Agency (IEA) being extremely bullish in predicting a ‘golden age’ for natural gas over the next 25 years?

In a recently released report (available here) the IEA forecasts a 55% growth in global …

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Petro Rabigh phase 2 and Aramco’s ambition

By Malini Hariharan

Petro Rabigh, the Saudi Aramco and Sumitomo Chemical joint venture, has moved to the next round of its ambitious phase 2 expansion which includes a new aromatics facility and a number of value-added derivatives.

Construction tenders for …

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Ethylene And PE Markets Decline Continues

By John Richardson

THE decline in Asian and European ethylene and polyethylene (PE) markets continued last week with no sign of the recovery that producers still hope will take place by end-June at the latest.

Asian ethylene prices slipped by …

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Saudi Crackers Could Soon Be At 100%

By John Richardson

SAUDI ARABIA’S crackers could soon be running at operating rates of 100% again following widespread reports quoting the al-Hayat newspaper that the country’s crude production is set to rise to 10m barrels a day in July. Al-Hayat, a Saudi …

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Don’t shoot the messenger

By Malini Hariharan

There is a lot of free price information and advice available to Indian polymer buyers via emails and SMSs. The gist of the messages these days is that the Chinese market is weak, international and domestic prices …

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Saudi Petchem Output Increase

By John Richardson

YESTERDAY’S fractious OPEC meeting – where members were unable to agree on a proposal by the four biggest members to raise output – may not necessarily be good news for petrochemicals.

For a long time the industry …

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China Polyolefin Demand Growth Flat In 2011

By John Richardson

POLYOLEFINS demand growth in China is likely to be flat in 2011 over last year, a senior industry executive and a consultant have told us.

“I am quite pessimistic and don’t see the Chinese government winning the battle …

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Shell Firms-up Interest in New US Capacity

By Malini Hariharan

Shell Chemicals has become the latest entrant to a steadily growing list of companies looking at new cracker investments in the US.

As we wrote about last week, Shell Chemicals told us in an interview at the …

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