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Middle East-China PE Exports Up 60%

By John Richardson

NORTHEAST Asian polyethylene (PE) exports to China fell by 34% in January-August this year compared with the same period in 2010 as Middle East shipments surged by 60%, according to Global Trade Information Services – click here …

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China Refining: Where Is It Heading?

By Malini Hariharan

Yesterday’s post talked about refining capacity additions in China and India over the next few of years and how this will contribute to weak refining margins across the region.

The blog obtained a preview of a presentation …

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Asia refining: tough times ahead

By Malini Hariharan

The going has been good for the refining industry this year but analysts are predicting a weaker 2012 and 2013.

UBS for instance, expects complex refining margin in Asia to fall 20% in 2012 from the average …

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HDPE-LLDPE spread expands

By Malini Hariharan and John Richardson

The spread between high-density polyethylene (HDPE) film grade and linear-low density PE (LLDPE) prices in Asia has steadily widened over the last five months to hit a high of $110/tonne, raising questions on how …

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China’s Widespread Inventory Problem

By John Richardson

THE extent of the inventory overhang in China has become more apparent thanks to a research note from Kunal Agrawal – Singapore-based refining and chemicals analyst with BNP Paribas.

Kunal’s note – based on a survey of …

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Propylene To Stay Expensive

By John Richardson

A DEBATE is taking place over whether the price of propylene will decline to its traditional discount versus ethylene.

In Europe, propylene prices went above ethylene for the first time ever during the second quarter of 2010. …

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China Downside Continues To Surprise

 

By John Richardson 

THE statistics speak for themselves. For example:

*The full HSBC August manufacturing index for China, which was released last Friday, showed that manufacturing input costs were rising at their fastest rate for four months, suggesting that …

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China Tries To Transform Itself

By John Richardson

CAN China succeed in transforming its economy from one which is over-reliant on exports to one where domestic consumption is a much bigger driver of growth?

And how long will this process take and in the interim, …

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Constant Search For Feedstock Advantage

By John Richardson

AROUND $6bn worth of proposed petrochemical investments in Kazakhstan – the giant central Asian country with abundant oil and gas reserves – once again confirms the three most important factors for success: Feedstock, feedstock and feedstock.

“The …

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China looks for LPG

By Malini Hariharan

The blog has been trying to get more information on what’s driving Chinese interest in liquefied petroleum gas (LPG)-based petrochemical projects.

Plans for eight propane dehydrogenation (PDH) plants have already been announced and more could be in …

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