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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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China GDP Reduction Spells Tough H2 For Chems

 

Source of picture: www.en.cn.national

 

By John Richardson

THE decline in China’s GDP (gross domestic product) growth from 11.9% in Q1 to 10.3% in the first quarter is, no matter how you try to dress it up, bad news …

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Asian Ethylene, PE Declines Continue

By John Richardson

ASIAN ethylene and polyethylene (PE) margins both fell last week – a further indication that the Chinese market remains weak.

Bonded warehouses are still full of PE as a result of high imports in March at a …

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Global Chems Outlook: Pockets Of Strength And Weakness

 

Spain saves the world economy

 

 

Source of picture: www.fifa.com

 

By John Richardson

GLOBAL chemicals sentiment seems to be muddled and confused as the constant flood of positive and negative macro economic data.

Take last week’s American Chemistry …

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Mood Becomes Gloomy On Macro Dangers

Dear Readers – here is, hopefully, a hand summary of some of the key themes that have emerged over the past two weeks with some important additional data on imports and inventory levels in China – plus a rather unscientific …

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