Archive | May, 2012

Asian Operating Cuts Not Enough

By John Richardson

ASIAN naphtha cracker operators have cut production in response to the exceptionally weak China market, according to ICIS.

Yeochun Naphtha Cracker Centre (YNCC) has, for instance, lowered operating rates to 90 percent from 100 percent at its …

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Stimulus Nonsense Raises Hopes

By John Richardson

EARNINGS estimates for South Korean petrochemical companies will have to be cut by 50 percent for the full year 2012, said an industry observer.

“It is quite clear that the first quarter was dreadful for the South …

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European Firms Assess China Exit

By John Richardson

CHINA’S rising labour costs and a worsening regulatory environment had resulted in almost a quarter of European firms to consider relocating their activities elsewhere, said a survey by the EU Chamber of Commerce and Roland Berger Strategy …

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Global Economy Loses Suspension

By John Richardson

ISN’T it interesting how when you talk to someone involved in a petrochemicals project, either publicly or privately, their project is very often sufficiently to the left of the cost curve to gain a winning advantage over competitors?

Discussions …

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China PE Demand Falls Six Percent

By John Richardson

The 6% decline in apparent polyethylene (PE) demand in China from January to April this year, compared with the same periods in 2011 and 2010, underlines what market participants have been telling the blog for many months.…

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Feedstock Assumptions A Risk

By John Richardson

THE feedstock landscape can change very rapidly as the shale-gas revolution amply demonstrates.

But the assumption, right now, is that the landscape will not undergo any further radical changes. As a result, as much as 7.65m tonne/year …

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PE Middle East Offers Keep Falling

By John Richardson

POLYOLEFIN markets are not going to bottom out until August-September at the earliest, according to several producers and traders who the blog spoke to yesterday.

And even if prices do eventually stop declining, confidence has all but …

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No Big China Relief

By John Richardson

Wen Jiabao re-emphasised at the weekend that China’s economic policy would be tweaked rather than radically overhauled because inflation, despite declining further in April, remains a major threat.

Anybody hoping for a stimulus package on the scale …

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APIC: A Sense Of Shock

 

By John Richardson

ANOTHER theme that emerged from last week’s Asia Petrochemical Industry Conference (APIC) in Kuala Lumpur, Malaysia, was the shock at the extent of the price declines in the key China market.

In polyolefins, the slump in …

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APIC: US Feedstock and Asia Optimism

By John Richardson

FEEDSTOCK advantages in the US and the continued economic rise of Asia were some of the themes of last week’s Asia Petrochemical Industry Conference (APIC) in Kuala Lumpur, Malaysia.

Steam crackers are being planned in abundance in …

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