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New Petchems Business Model Based On Trading Blocs

By John Richardson

THE above chart should give every analyst who thinks low feedstock costs are by themselves guarantee of success in petrochemicals pause for thought:…

US net polyethylene (PE) exports in 2016 were 5,000 tonnes lower than in 2015,

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Supply-Driven Petrochemicals Success Under Threat

By John Richardson

THE OLD joke goes like this: “If oil and gas exploration is the gorilla, refining the dog and petrochemicals the tail on the dog, what does the gorilla say when he looks at the dog? He says, …

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Polyethylene Markets To Become More Regional, Less Global

By John Richardson

THE GREAT US author Mark Twain, pictured on the right, needed to pay off his debts. So in May 1897, he was in London during a round-the-world speaking tour designed to raise the money to pay off …

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China Polyethylene: Increased Local Naphtha Supply Threaten Imports And Margins

By John Richardson

CHINA’S polyethylene (PE) demand grew from around 22m tonnes in 2914 to approximately 25m tonnes in 2016 – an increase of 12.16% based on the exact numbers, according to ICIS Consulting.

Even better news for the global …

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Bricklaying In Australia And Oil Prices: Important Similarities

By John Richardson

THE bricklayer came around to my house three years ago, quickly surveyed the extent of the job, drew a sharp breath, and said, “It’s going to cost you at least Aus$4,000.” And that was after a four-week …

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Global Chemicals Operating Rates Lowest Since 1987

By John Richardson

SOMETIMES one single chart is worth many thousands of words, which is the case with the chart. Hence today’s brief post as the chart tells you a great deal of what you need to know:…

Based on

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Modelling And Responding To China’s Demand Complexity

By John Richardson

PRODUCT by product you need to build alternative scenarios for demand growth in the key China market.

The future might end up being the same as the past up and down all the petrochemicals value chains. But …

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The OPEC “Deal”: What It Really Means

By John Richardson

THE OPEC decision to cut oil production for the first time since 2008, if indeed it does amount to a real cut in production, could end up being self-defeating.

As I discussed last month, US shale oil …

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Polyethylene: A World Turned Upside Down

By John Richardson

THE recent history of polyethylene (PE) shows a global competitive landscape very different from that which most people expected two years ago.

Two years ago, we were told that the natural price for oil was $100/bbl because …

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The US And China: Saudi Arabia’s Big Picture Oil Strategy

By John Richardson

THE above chart should tell you a great deal of what you need to know about Saudi Aramco’s interest in buying the LyondellBasell Industries (LBI) refinery that’s located in the Houston Ship Canal in the US:…

Between

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