Archive | July, 2012

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Global Polyethylene Margin Picture

By John Richardson

ASIAN high-density polyethylene (HDPE) margins have improved in June and July compared with the rest of the year, according to the above chart from the ICIS Weekly PE Margin Report.

But the overall year-to-date trend illustrates how …

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Dow: China GDP Growth 3-5 Percent

 

By John Richardson

DOW Chemical’s Andrew Liveris has changed his views on China as a result of an economic slowdown that seems to have taken many people by surprise.

“China’s economy has continued to decelerate as European exports suffered,” …

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India PVC Reflects Macro Problems

By John Richardson

WHAT is happening in India’s polyvinyl chloride (PVC) sector reflects some of the macro-economic challenges we discussed earlier this week.

An additional 8.5m tonnes of PVC pipes demand could be generated in the space of just five …

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US Chemicals Still Behind 2007

 By John Richardson

US chemicals production remains way below its pre-crisis 2007 level but production in Asia-Pacific, after a brief blip in 2009, continues to soar, according to these charts from the American Chemistry Council.

Whereas US producers have carried …

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South Korea “Denial” Continues

 

By John Richardson

EARNINGS estimates for South Korean petrochemicals companies for the full-year 2012 remain around 30 percent above where they should be because “most financial analysts remain in denial“, said an industry source.

A sign of how bad …

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Polyolefin Demand Remains “Very Weak”

 

By John Richardson

DEMAND remains “very weak” in China’s polyolefins markets, said a sales and marketing executive with a major Western producer.

“I am having real trouble justifying higher prices to my customers, which are partly the result of …

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BRICS Version 2

Mind the gap – India’s rich and poor

 

 

Source of graph: http://www.business-standard.com/india/news/sonalde-desai-the-great-indian-poverty-game/469351/

 

By John Richardson

INDIA’S economy is expected to grow at its slowest pace for a decade as a result of political gridlock, tight monetary policy …

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Food Prices And Chemicals

Graph prepared by the http://www.thegatesnotes.com/Personal/2012-Annual-Letter

 

By John Richardson

RISING food prices resulting from adverse weather conditions in the US, South America and Russia represent yet another threat to global economic growth.

Grain prices could, for instance, increase by as …

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China’s Unreliable GDP Data

 

By John Richardson

THE economic slowdown throughout Asia became more apparent last week with the release of disappointing data, prompting interest rate cuts in China, Vietnam and South Korea.

China’s key polyethylene (PE) market responded as trading volumes fell …

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Energy, Politics & Economics

 

Source of graph: http://thinkprogress.org/ 

 

By John Richardson

DANIEL Yergin’s superb book, The Prize, describes how the history of the 20th century was shaped by oil and gas.

Now we are entering a new era.

Some 600,000 jobs have …

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