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China Excess Phenol Capacity A New Strategic Tool

By John Richardson

STANDARD Western cost-per-tonne analysis has never really been applied in China’s petrochemicals industry – and it never will be applied.

In the past, we have seen how petrochemicals plants have often been run at operating rates of …

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China Transformation Webinar Tomorrow

By John Richardson

EVERYWHERE you look is the same,  according to the Asia ICIS pricing reports for the week ending 5 September. For example:…

Purified terephthalic acid operating rates were just 52-53% at the end of last week, down from

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China’s “Whack-A-Mole” To Accelerate

By John Richardson

Mono-ethylene glycol (MEG) is the latest petrochemicals product to be caught up in real estate-linked collateral trading, an industry observer recently told the blog.

“To some extent, MEG has been bought not for real demand, but instead …

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China Commodities Fraud: The Global Implications

By John Richardson

An eerie calm has descended over financial and commodity markets with volatility at a record low.

The calm is eerie because it reminds us of the build-up to September 2008.

Back then, not one single mainstream economist …

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China Pulls Back From Funding Other Emerging Markets

By John Richardson

IT important to be relentlessly realistic about the risks no confronting emerging markets in general, now that China is focusing much more on its own internal problems and needs.

One of these risks – reduced funding of …

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China: More Credit For Less Growth

By John Richardson

REMEMBER this time last year when a surge in credit availability occurred in China,  thanks to the shadow-banking system?

This helped support a pick-up in economic activity in the second half of the year, including stronger chemicals …

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Global Growth Outlook: Sorting Out The Continuum

By John Richardson

WHAT do you do for a living? Are you a speculator in equity markets or do you make things for a living?

These, we think, are highly relevant questions as we head towards the New Year.

It …

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The Iran-West Nuclear Deal: An Update

By John Richardson

MANY thanks to a good friend of the blog, Mark Mark Mirosevic-Sorgo, managing director of the Singapore-headquartered shipbrokers Braemar Quincannon for what follows – some excellent analysis of what the Iran-West nuclear deal might mean for the …

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Iran-West Nuclear Deal Could Boost Naphtha Cracking

By John Richardson

THE blog has met many Iranian delegates during its seven years of working for ICIS Training and visited the country a couple of times during the early 2,000s. We love the people and the country, but not …

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Global Petchem Markets Turn Bearish

By John Richardson

EXCESSIVE inventory building down all the major petrochemical value chains is a global rather than just a Chinese problem, according to Paul Satchell – the UK-based chemicals analyst with global investment bank  Canaccord Genuity in his latest …

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