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China Remains Weak On Government Tightening

By John Richardson

CHINA’S polyethylene (PE) market – a reasonable proxy we often use for the chemicals and polymer industries as a whole – remains worryingly weak, according to several traders and producers interviewed by the blog this week.

Modest …

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Opportunities Can Vanish Before You Know It

By John Richardson

“Just when you think it is the right time to make an investment case to a board of directors, the particular opportunity you have been studying has an annoying habit of disappearing,” said a business development manager …

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Asian C2 Muddle Reflects Wider Uncertainty

By John Richardson

ASIAN ethylene markets appear to be in a muddle over the Middle East supply picture.

Click here for a graph of the latest pricing – EhylenePrices1March2011.ppt 

A shipping industry source we spoke to recently insisted that more …

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Petchems Confront Another Lehman Bros

 

By John Richardson

THE main issue facing Asian cracker operators a couple of weeks ago was how long co-product credits would continue to compensate for a moribund China polyethylene (PE) market.

Feedstock cost is now the biggest immediate worry. A …

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European petchems could be tempted to overproduce

By John Richardson

EUROPEAN refiners are “awash with naphtha” as a result of long-term structural length and a lack of arbitrage, a petrochemicals feedstock purchasing manager told the blog yesterday.

The decline in US gasoline demand (according to most experts …

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Job-hopping Causes Post-New Year Demand Dip

Chinese workers are on the hop…. 

Source of picture: advanced-fibre.com

 

By John Richardson

CHINA’S polyolefin demand in the few days of proper trading that have taken place since the Lunar New Year has been described as “horrendous” and “grim” …

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Saudi Producers Remain Confident

By John Richardson

THE optimism of Saudi Arabian petrochemical producers remains extremely high, according to an industry observer who spoke to the blog.

One might think we were to some extent stating the blatantly obvious as their margins will have …

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Saudi Oil And Gas Supply – Anyone’s Guess

 

 

By John Richardson

 

SAUDI Arabia’s crude-oil reserves may have been overstated by as much as 40% or 300bn barrels, according to this article on February 8 in the Guardian, based on cables between Saudi and US diplomats …

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What an excellent boss

By John Richardson

VERY occasionally the blog deviates from its close coverage of petrochemical markets to focus on broader business issues. Today is one such occasion after a discussion with a manager of a major Asian chemicals trading operation.

The …

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Intuitively The Problems Are Building

By John Richardson

THE signs are ominous as they have been since the beginning of the crisis.

Intuitively, it still feels as if we are heading for some major macroeconomic problems. As Andrew Liveris, CEO of Dow Chemical, put it …

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