Archive | October, 2011

China and India: No Guarantees

MOST chemical companies now believe it is inevitable that China and India will reach developed economy status. Many even believe that their strong growth will mean “the end of economic cycles”.

But as we discuss in Chapter 6 of ‘Boom, …

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Chem Q3 Results Show Flat Growth

By John Richardson

CHEMICAL company third quarter financial results point to what has been apparent at ground level for some time now – a struggle to achieve volume growth over 2010.

My colleague Nigel Davis, who edits in the Insight …

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Not All Plastics Are Born Equal

 DSM’s Dyneema replaces steel in offshore ropes

Source of picture: offshore-technology.com

 

By John Richardson

THE polyethylene (PE) shopping bags that get thrown away in their millions every day are some considerable distance down the value chain from DSM’s Dyneema …

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Expect Some China Chemicals Price Recovery….

….but let’s wait for the details to makea firm judgement, following Wen Jiabao’s comments about more help for small and medium-sized enterprises (SMEs), with the government also indicating an interest-rate cut by Q2 next year.

How will any financial easing …

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China Property Prices Down 30-50 Per Cent

By John Richardson

A BIG reduction in real estate prices is now underway in China, creating the potential for more property/chemicals traders to go bust.

The China Daily reports that home prices in suburban areas of Beijing, Shanghai, Shenzhen and …

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US And Europe Polyolefins Raise Exports

By John Richardson in Houston, Texas

DESPERATELY weak polyolefin demand in both the US and Europe is resulting in an increased focus on export markets.

The US market appears to be in particularly severe distress with, as we discussed last …

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PTA And PX Keep Sliding

By Malini Hariharan

Asian spot prices for polyester raw materials continued to fall last week as concern on lack of buying support from the China market where concerns about the health of the global economy dampened sentiment.

Purified terephthalic acid …

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LDPE No Longer A “Speciality Polymer”

The shoe might now be on the other foot (ouch…apologies)

 

Source of picture: http://5magazine.files.wordpress.com/2010/09/reebok_zigtech_5-570×5371.jpg?w=606&h=570

 

 

 

By John Richardson

NOT so long ago several major producers were evaluating new investments in low-density polyethylene (LDPE), as the almost-serious comment …

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US PE Exports To Flood China

By John Richardson

SPENDING time with your customers is always a good idea, but doing so seems to have become even more important during a very difficult year for China’s polyolefins business.

The reason is a split between the fortunes …

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More trouble for paraxylene ACP

By Malini Hariharan

In yesterday’s post the blog made a reference to the difficulty in settling the October Asian contract price (ACP) for paraxylene (PX).

Wide differences in price expectations have held up negotiations with buyers rejecting producers’ initial efforts …

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