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Aromatics May Suffer From Strong Reformer Economics

By John Richardson

ASIAN aromatics producers are struggling from an oversupply driven both by weak demand for their products and strong overall reformer economics, the blog has been told.

As this chart below illustrates for benzene, toluene and xylenes (BTX), …

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Hambrecht Reportedly Attacks China Business Climate

Jurgen Hambrecht

Source of picture: www.wiwo.de/unternehmen-maerkte

 

By John Richardson

BASF’S Jurgen Hambrecht has made highly critical and extremely high-profile comments about China’s business environment, according to the Financial Times.

The CEO of the German chemicals giant is quoted as …

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Honam Set For Further Buys After Titan Deal

The layout of the Pasir Gudang complex

 

Source of picture: Titan Chemicals

 

By John Richardson and Malini Hariharan

HONAM Petrochemical’s plan to buy Malaysia’s Titan Chemicals  for $1.5bn – which was announced today – is likely to be followed …

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Yansab results reflect Saudi gas problems

By Malini Hariharan

Yansab posted a net profit Saudi Riyal (SR)502.4m ($134.0m) in the second quarter, its first full quarter of commercial operations. However, results could have been better if its plants had run at full capacity.

Analysts at NCB …

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China GDP Reduction Spells Tough H2 For Chems

 

Source of picture: www.en.cn.national

 

By John Richardson

THE decline in China’s GDP (gross domestic product) growth from 11.9% in Q1 to 10.3% in the first quarter is, no matter how you try to dress it up, bad news …

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Crunch time for Asian polyolefins

By Malini Hariharan

August could well be the time for some tough decisions by Asian polyethylene (PE) and polypropylene (PP) producers. Demand has languished for the last three months and although many are hoping for a recovery at the end …

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India set to announce final ADD on PP

By Malini Hariharan

India’s long-running investigation into dumping of polypropylene (PP) from Saudi Arabia, Singapore and Oman is inching to a close. Final anti-dumping duties (ADD) are expected to be announced soon, say industry sources.

Affected producers have made their …

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Qatar Petroleum, ExxonMobil Delay Qatar Cracker

By John Richardson

Qatar Petroleum and ExxonMobil have delayed the start-up of their 1.6m tonne/year cracker and derivatives project in Qatar, my colleague Anna Jagger reported on ICIS news yesterday – quoting sources familiar with the project.

This confirms an …

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Asian Ethylene, PE Declines Continue

By John Richardson

ASIAN ethylene and polyethylene (PE) margins both fell last week – a further indication that the Chinese market remains weak.

Bonded warehouses are still full of PE as a result of high imports in March at a …

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Global Chems Outlook: Pockets Of Strength And Weakness

 

Spain saves the world economy

 

 

Source of picture: www.fifa.com

 

By John Richardson

GLOBAL chemicals sentiment seems to be muddled and confused as the constant flood of positive and negative macro economic data.

Take last week’s American Chemistry …

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