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China PE Demand Weakness Continues

 By John Richardson

LET’S put this into context: China’s polyethylene (PE) demand grew by 53 percent in 2008-2010.

Growth during the first seven months of this year was just 1.7 percent over Januuary-July 2011, according to Global Trade Information Services (GTIS). …

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BASF Highlights Changes In Growth

 

Martin Bruderm├╝ller

Source of picture: BASF

 

By John Richardson

“THE struggle over China’s future direction seems to be harder fought than we had imagined,” said BASF vice chairman Martin Bruderm├╝ller last Thursday, in a German newspaper interview.

“There …

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China PE Demand Falls Six Percent

By John Richardson

The 6% decline in apparent polyethylene (PE) demand in China from January to April this year, compared with the same periods in 2011 and 2010, underlines what market participants have been telling the blog for many months.…

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APIC: A Sense Of Shock

 

By John Richardson

ANOTHER theme that emerged from last week’s Asia Petrochemical Industry Conference (APIC) in Kuala Lumpur, Malaysia, was the shock at the extent of the price declines in the key China market.

In polyolefins, the slump in …

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Chems Trade Finance Threat

By John Richardson

NEW banking regulations could severely restrict the ability of small and medium-sized (SMEs) companies to access trade finance. This would hit Asia particularly hard, as the majority of chemicals and polymer business involves SMEs.

Under the Basel III …

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Petchems And The Non-Profit Motive

By John RichardsonAS the US contemplates raising its ethylene capacity by up to 29 percent by 2017, we would be fascinated to know whether the companies involved in these proposed expansions, and the “cheer leader” chemical industry observers spurring them …

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There Is No Going Back

By John Richardson

“IF we build polymer capacity in India the demand will come,” a very senior industry executive told the blog last year. He amplified this statement by explaining that greater availability of plastics would always stimulate strong demand …

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Petronas set to unveil new refinery and petchem venture

By Malini Hariharan

Malaysia’s Petronas is expected to soon announce plans for a new refinery and petrochemical complex Pengerang, Johor, a project that the blog had discussed a few months back.

A report in the Malaysian newspaper Star says the …

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Petronas gets busy

By Malini Hariharan

How many projects is Petronas Chemical planning?

Last week the blog had covered an ICIS news report which referred to a study on 1m tonnes/year ethane cracker and derivative units at Kerteh.

Now a report from UBS …

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Petronas mulls cracker at Kerteh

By Malini Hariharan

There is finally some movement at Petronas. After last month’s joint announcement with BASF on a study for a Euro1bn investment in speciality chemicals, news has emerged that the Malaysian major is also exploring the feasibility of …

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