Archive | China RSS feed for this section

China’s Polypropylene Market: The Right Questions You Simply Must Ask

By John Richardson

On the surface, the above chart represents very good news for exporters of polypropylene (PP) to China. As you can see, our base case sees import volumes creeping up from around 3.9m tonnes in 2018 to 4.2m …

Continue Reading

China Govt Policy To Shape Petchems Demand, Pricing In 2018

By John Richardson

NAPHTHA feedstock costs are on the way up, which is of course the result of higher crude prices. So far this year, the naphtha cost for Asian steam cracker operators has averaged $479/tonne CFR China. But our …

Continue Reading

Measuring Crude Prices And Asian Petchems Profitability

By John Richardson

YESTERDAY I posted this slide on LinkedIn, in response to a lot of concern amongst the more than 150 or so delegates at the 5th ICIS Asian Polyolefins Conference in Bangkok about the impact of rising crude …

Continue Reading

Global Economy Is Less Able To Withstand A New Oil Price Shock

By John Richardson

HISTORY has a tendency to move very slowly, inching forward incrementally, and then all of a sudden a flurry of events over an incredibly short space of time can change everything. This is where we are today.…

Continue Reading

China’s Accelerating War On Air Pollution: Latest Implications For Petchems

By John Richardson

CHINA has steadily increased the intensity of its war against pollution over the last three years – especially the war against pollution generated by burning coal. This has major implications for the petrochemicals industry, which we will …

Continue Reading

Asian Polyethylene Producers: What You Must Do Now $70 Crude Is More Likely

By John Richardson

THE facts on the ground in global crude markets have shifted even further in just two days. Now it seems more likely that oil prices will rise to $70 a barrel or above in Q1 of next …

Continue Reading

Crude Oil Prices In 2018: Impact On Naphtha-Based Polyethylene

 

By John Richardson

I WILL explain the full significance of the above charts for the Asian and global polyethylene (PE) industries later on this is post.

In short here, though, a great deal hinges on next year’s oil prices, …

Continue Reading

Benefits, Risks Of Petronas/Aramco Deals Serving As Template

By John Richardson

THE PETRONAS and Saudi Aramco joint ventures in the RAPID refining-to-petrochemicals project in Malaysia may serve as a template for further “win/win deals”. Whilst these deals will substantially benefit the companies and countries involved, there are broader …

Continue Reading

China’s Xi: Squaring Circle Of Poverty Alleviation, Environment

By John Richardson

THE ONLY China that most foreigners have visited, including myself, is the southern and eastern seaboard provinces where all the talk is about booming poylolefins and other polymers demand on the rise in middle class consumption.

So …

Continue Reading

How US Polyethylene Exports To China Could Come To A Halt

By John Richardson

THE US has abundant shale gas reserves that have in effect been solidified into new polyethylene (PE) capacity, which is largely for export as this is a cheap way of shipping ethane.

If you subscribe to the …

Continue Reading