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Fingers Crossed For No Double-Dip Recession

 

 

The Risk Of Exhausted Optimism

Source of picture: http://www.thedigeratilife.com/blog/double-dip-recession/

 

By John Richardson

Global polyethylene (PE) oversupply will be “challenging but manageable” over the next year-and-a-half provided there is no double-dip economic downturn, said Joe Duffy, consultant with …

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China’s Unstoppable Consumption Juggernaut?

 

 

The major long-term shift in US refinery economics and C3s

 

Source of picture: blueplanetgreenliving.com

 

 

By John Richardson

CHINA will account for around one-third of global polypropylene (PP) consumption by the middle of this decade, up …

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Saudi Feedstock Problems Worsen

SABIC headquarters in Riyadh

 

Source of picture: france24.com

 

By John Richardson

The days when the price of future ethane supply in Saudi Arabia – at the time called an advantaged feedstock because nobody knew what else to do …

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ExxonMobil Says Qatar C2s Still On

By John Richardson

EXXONMOBIL is insisting that its cracker and derivatives project with Qatar Petroleum is still on despite a media report to the contrary.

It certainly seems as if there are several suitors for this particular bride – perhaps …

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ExxonMobil Formally Out Of Qatar C2s – Report

Qatar Builds Its Future

 

Source of picture: The New York Times

 

By John Richardson

EXXONMOBIL and Qatar Petroleum have formally ended their agreement to build a $6bn petrochemical complex in Qatar, says a report by the Middle East …

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Asian Polyolefins Face Two-Year Freight Squeeze

Container Freight Rates: Luck Before Brains

Source of picture: blogs.princeton.edu

 

By John Richardson

ASIA’S polyolefin industry is facing additional pressure from new Middle East capacity due to higher freight rates from the Middle East to Europe, the blog has been told.

This …

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China PE Price Rebound Driven By Futures Market

By John Richardson

CHINA’S domestic linear-low density polyethylene (LLDPE) prices have rebounded by as much as Yuan 1,000/tonne ($147.5./tonne) or 8% over the last two weeks, according to this ICIS news article from my colleague Rainy Ma.

As these graphs …

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Singapore’s New Petrochemicals Strategy

Singapore’s Marina Bay Sands complex

 

Source of picture: Washington Pos

 

 

By John Richardson

“SUCCESS in this business, whether you are tracking price direction or planning new investments, is 95% about feedstock,” says a senior European-based sales manager …

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Iranian PE Seen As Threat To China Price Recovery

By John Richardson

IRANIAN polyethylene (PE) exports to China could help to cap or even prevent a recovery in pricing during the second half of this year.

Although in volume terms, Iranian material only accounts for a small percentage of …

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Propylene And the Law Of Unintended Consequences

Will this year’s K-Fair see some major announcements to take advantage of the relative fall in ethylene costs?

Source of picture; http://www.k-online.de/

 

By John Richardson

THE rise in the price of propylene relative to ethylene is exercising the minds …

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