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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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China And Iran: Reshaping Global Polyester Trade

By John Richardson

IN TODAY’S world you have to start with political, social and macroeconomic factors to help build your map of global chemicals trade flows over the next ten years.

You next need to consider the old standard measures …

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Saudi Aramco In A Low Oil Price World

By John Richardson

NEWS of plans to list 5% of Saudi Aramco is obviously some four months old. There is thus a danger that in the welter of other later events, the long term significance of this decision ends up …

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China’s One Belt, One Road: What It Means For PP and PVC

By John Richardson

MONDAY’S blog post on China’s One Belt, One Road initiative has produced a very strong response. I thus thought it was important to discuss in detail  what what One Belt, One Road could mean for two major …

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How To Battle For Value In Oversupplied Markets

By John Richardson

FOR the moment all is good, as the chart above illustrates, which details the premiums that C6 metallocene-grade linear-low density (LLDPE) have enjoyed over standard commodity grade C4 LLDPE in the key China market.

The October 2010 …

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China And A Breakdown In Free Trade: Scenarios For Petrochemicals

By John Richardson

MY blog post last Friday, on the threat to the petrochemicals industry of a retreat in global free trade, has gained a great deal of interest. This is good as this is an essential debate.

Today I …

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China’s Oil Markets: One Example Of A World Turned On Its Head

By John Richardson

The more oil that China imported the more it was becoming a middle class country by Western standards, was the old argument.

All of us should now understand that the China middle class story was nothing more …

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Oil Prices, Chemicals Markets Face Steep Declines

By John Richardson

THERE are three things you need to know about today’s global chemicals markets:…

Oil prices are now retreating back to quite probably below $30/bbl, and so of course there will be a chemicals destocking process.
But the

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Britain’s EU Exit Vote Reflects Lack of Trust In Expert Opinion

 

By John Richardson

MOST politicians, central bank governors, economists and business leaders told everyone that there was no way that the US housing market could drag the world into a global financial crisis.

Then we were told that China’s …

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