Archive | Fibre Intermediates RSS feed for this section

China’s New “For Profit” Chemicals Industry? Think Again….

By John Richardson

IF you think that running a chemicals company in China can be compared to running one in the West then please take a look at the above chart.

This is an updated version of a chart Paul …

Continue Reading

China’s Long, Hard Struggle To Reform Local Govt Financing

By John Richardson

A story that moves financial markets doesn’t have to be true. All that matters is that the narrative convinces enough people for a sufficient period of time to move markets either up or down, thus allowing speculators …

Continue Reading

China After The Lunar New Year: Your Five-Point Guide

By John Richardson

HERE is a five-point guide to what will happen in China after the Lunar New Year is over (most of China will be only holiday from 18-24 February):…

The People’s Bank of China (PBOC) now seems almost

Continue Reading

Chemical Sales, Capital Spending In A Weaker Oil-Price World

By John Richardson

THE above chart shows the top 23 of the latest ICIS Top 100 ranking of global chemicals companies by sales in US dollars for 2013.

When the 2014 numbers have been fully compiled and released later this …

Continue Reading

China Restructures The Global Petchems Business

By John Richardson

This chart should truly take your breath away as it shows that:…

China’s purified terephthalic acid (PTA) exports fell from 2.5m tonnes in January-November 2013 to just over a million tonnes for the same period this year.

Continue Reading

Policymakers Have Failed The World

By John Richardson

WHEN the economic, social and political history of 2008-2014 ends up being written, there are two groups of people who are going to end up bearing a lot  of the blame for  the new global financial crisis. …

Continue Reading

The World Is Turning Upside Down

By John Richardson

A COMMON view is that Asia’s petrochemicals markets are merely suffering from a temporary destocking phrase, driven by the collapse in crude-oil prices.

So when crude oil prices settle down, everything will be fine.

Many people also …

Continue Reading

Chemicals Demand Is Not Going To Return To Normal

By John Richardson

EUROPEAN cracker operators are rushing to snap-up naphtha prices before prices rise again, reports my colleague Nigel Davis, in another of his excellent Insight articles.

“The lower crude price seems to be driving downstream demand. Europe’s crackers …

Continue Reading

Why Should China Be Any Different From The US?

By John Richardson

THE complacent, yesterday’s wisdom about China is that it will remain a major importer of lots of petrochemicals for many years to come.

If you have already stuck your neck out to support a project that will …

Continue Reading

China’s Next Target: Paraxylene Self-Sufficiency?

By John Richardson

ONLY a few years ago, people were discussing the great opportunities in purified terephthalic acid (PTA) as a globally traded product. I can remember confident talk of strong opportunities for export-based projects – especially, of course, projects …

Continue Reading