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China coal-based MEG moves ahead

By Malini Hariharan

China’s second coal-based monoethylene glycol (MEG) plant is due to start in the second half of 2012, reports ICIS news.

The plant, located in Hebi, Henan province, will have a capacity of 250,000 tonnes/year and will be …

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The Murkiest Of Outlooks

By John Richardson

LACK OF visibility over what the New Year will bring for the global chemicals industry is a key feature of just about every conversation held with industry executives at the moment.

Perfect forecasting is, of course, always impossible, but …

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China And The WTO Ten Years On

By John Richardson

TEN years ago this weekend China officially joined the World Trade Organisation (WTO), and so no doubt numerous speeches have been given about all the benefits to the global economy.

Here is a somewhat more negative perspective:

*As the diagram …

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The Planning Process Gets Harder

By John Richardson

EARLIER this week we talked about the possibility that China might devalue the Yuan rather than allow it to further appreciate.

We have since been told by a senior chemicals industry source that this is exactly what …

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Relief Rallies Will Not Be Sustained

By John Richardson

FURTHER relief rallies in petrochemical markets that occur over the next few weeks and months will not change the overall direction.

Buyers will inevitably run short of stocks down all the value chains and we thus will see …

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Yuan Devaluation Needs To Be Considered

By John Richardson

The “beggar my neighbour” trade wars that many economists feared would erupt after the global financial crisis were delayed thanks to fiscal stimulus.

But now politicians will be under increasing pressure to erect trade barriers.

“We are …

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India Needs A New Political Direction

Manmohan Singh compromises to the point where “policy has no direction”

Source of picture: Wikipedia

 

By John Richardson

IN A week during which the Eurozone could quite easily break-up, the influence that individual political leaders will have on shaping …

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China’s Leaders Are Boxed In

By John Richardson

IT seems inevitable that petrochemical markets will respond positively to the Chinese government’s decision to reduce bank-reserve requirements by 50 basis points.

There will quite likely be a relief rally in the Dalian Commodity Exchange’s futures contract …

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A quick recovery for butadiene

By Malini Hariharan

Asian butadiene prices are once again on their way up, rising over 20% in the last two weeks.

Prices last week were at $1,900/tonne cfr Northeast Asia, up from a low of $1,500-1,600/tonne cfr Northeast Asia in …

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Everywhere You Turn…..

By John Richardson

It really is unrelentingly depressing, even though we hear that a few investors in chemicals stocks are clinging-on to the hope that provided everyone maintains tight production, demand will recover very strongly in Q1 of next year.…

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