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China To Stop Importing Chemicals As It Exports New Technologies

By John Richardson

LAST Friday I discussed how, even without the impact of demographics on demand, it is mathematically impossible to fit one two billion into two billion.

Now bear with me for a few minutes. The themes I discussed …

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Oil Price Rally Built On Very Fragile Ground

By John Richardson

OIL prices rallied yesterday on an unexpected fall in inventories at Cushing in the US to 61.7 million barrels for the week ending 24 April (see the above chart). This was a decline of 514,000 barrels over …

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European Petchems: Necessity is Again The Mother Of Invention

By John Richardson

WHEN has a European cracker gone beyond its useful life? Forty or 50 years? Or maybe if you spend the right amount of money, it can last for a great deal longer.

Devoting enough ingenuity and capital …

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Oil Price Chaos: What It Means For The Planning Process

By John Richardson

FIRST of all, we were told that $100 a barrel, or thereabouts, was the natural price for oil.

And then we were told this after the price collapse: “Not to worry, this is just a temporary supply …

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China Would Be The Only Winner From A Price War

By John Richardson

IT IS dangerously wrong to still think of China as just a cheap, copycat low-value manufacturing nation. Yes, cheap, agreed, and to begin with, as was the case with the US, it has copied other countries’ technologies.…

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Oil Markets In One Word: China

By John Richardson

A COMMENT I have heard so many times over the last two months is that once oil prices settle down, China’s petrochemicals buyers will have to come back in large numbers in order to replenish what must …

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China Polyethylene: Three Predictions For 2015

By John Richardson

THE  chart  below serves as an excellent illustration of the big shift in consensus thinking about China’s overall economy, as it shows that:…

PE imports surged in January on the belief that China would “blink” – and

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Starting All Over Again: A Ten-Point Guide For 2015

By John Richardson

AS chemicals companies go back to their budget plans for 2015, and redraw them entirely, here are ten things that they must take into account:…

The oil price is not going to return to $100 a barrel

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So Much For The Bonus From Cheaper Oil

By John Richardson

THE big turning point in Asian petrochemicals markets can be traced back to around the end of July for three big reasons:

• It was broadly accepted from then onwards that China wasn’t going to change its …

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US Petrochemicals Will Suffer From “The Blame Game”

 

By John Richardson

THE chat below provides some very instructive reading as it shows that:…

Since 2000, overall real consumption in US polyethylene (PE) has fallen from around 12.5m tonnes to 12.3m tonnes (real consumption is domestic production plus

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