Archive | Fibre Intermediates RSS feed for this section

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

China Exports: Whatever It Takes To Boost Volumes

By John Richardson

HERE is a reminder of some key facts about the Chinese economy:…

Investment, in the form of local real estate, infrastructure and industrial capacity accounts for around 50% of the country’s GDP.
China’s total investment levels are

Continue Reading

China: Do You Really Know Where Your Product Ends Up?

By John Richardson

AS a senior Chinese official announces that investigations into metals trading fraud have been extended from 13 to 24 provinces, and that $10bn worth of fraud could be involved, it stands to reason that these complex webs …

Continue Reading

China Excess Phenol Capacity A New Strategic Tool

By John Richardson

STANDARD Western cost-per-tonne analysis has never really been applied in China’s petrochemicals industry – and it never will be applied.

In the past, we have seen how petrochemicals plants have often been run at operating rates of …

Continue Reading

China’s Real Growth Could Be Weakest Since 1995

By John Richardson

WE all should know that China’s published GDP figures are meaningless as, of course, China’s premier Li Keqiang has told us so.

But the trouble is that so many analysts continue to talk about another burst of …

Continue Reading

China Transformation Webinar Tomorrow

By John Richardson

EVERYWHERE you look is the same,  according to the Asia ICIS pricing reports for the week ending 5 September. For example:…

Purified terephthalic acid operating rates were just 52-53% at the end of last week, down from

Continue Reading