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Lasting Damage To US Chemicals

By John Richardson

The huge and long-lasting impact of the economic crisis on the US chemicals industry is detailed in the excellent Year-End Situation and Outlook report from the American Chemistry Council (ACC), which was released late last week.

Light …

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The Strange Story of China Rate Cuts & Emissions

By John Richardson

A rumour emerged a few weeks ago that Sinopec would be required by the government to cut its operating rates in order to either or both help China achieve its 11th Five-Year Plan emissions targets and/or increase …

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December Polyolefin Price-Rise Bid Will Fail

By John Richardson and Malini Hariharan in Shanghai

A TWO-TIER China polyolefin market had developed in China over the last couple of years – but the $64,000 question right now is: At which of these two levels will most business …

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Chemicals And Polymer Prices Behave As We Predicted

By John Richardson

AS the blog had anticipated would happen, there were sharp retreats in some chemicals and polymers pricing late last week on the steep declines in equity and crude prices.

Polyethylene (PE) fell by $70-130/tonne, according to our colleagues …

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Oversupply In Petchems Still On The Way

Perhaps not just yet….

By John Richardson

COULD it be that some chemicals industry players and observers, in the great galloping rush to join the supercycle stampede, have got ahead of themselves in predicting that we are already through the …

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Petchem Pricing Faces Big Declines

By John Richardson

THE wheels have started to come off the wagon – as we have been warning about over the past week or so - as a result of a broad sell-off in equities and commodities.

Inflation concerns in China and …

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Reliance Reveals Major Investment Plans

 

 

By Malini Hariharan

India’s Reliance Industries is evaluating investments in a number of chemicals including olefins and derivatives, acetyls, elastomers and fibre intermediates to increase its petrochemicals production from crude, a senior company executive has told the blog.…

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US Petrochemicals A World Beater

Shell’s refinery and petchems complex in Deer Park, Texas

Source of picture http://www.msnbc.msn.com/

 

By John Richardson

THE excellent third-quarter financial results of the likes of Dow Chemical and LyondellBasell further confirm the extraordinary turnaround in the cost positions of …

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Iran Remains Optimistic On Exports

                                    Dubai crucial for Iran

 

By Malini Hariharan

The blog recently had an opportunity to talk to a few Iranian companies and was impressed by their sanguine approach to the challenges posed by the new round of sanctions.

This too …

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Facts, Fiction And Price-Rise Sustainability

Source of picture: tycoonreport.com

 

 

By John Richardson

This is a very dangerous time for petrochemicals producers as they attempt to separate real, sustainable demand from feedstock-cost related price rises and speculation.

A bubble – as we discussed yesterday …

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