Five Essentials For Planners

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By John Richardson

POLYETHYLENE (PE) industry planners need to factor in the following as they prepare for 2012:

1.) Oil prices are causing demand destruction in the global economy. They could go higher due to the Iranian nuclear crisis. In …

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Difficult Year For Naphth-based PE

By John Richardson

THE first quarter of the 2012, and very probably the rest of the year, look likely to be very difficult for Asia’s naphtha-based polyethylene (PE) producers as a result of more competition from the Middle East in …

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Methanol set for a strong year

By Malini Hariharan

Chinese methanol demand growth in 2011 has beaten expectations thanks to rising requirement from the gasoline blending and methanol-to-olefins (MTO)/methanol-to-propylene (MTP) segments.

Demand last year is estimated to have expanded by an impressive 30% to reach 26m …

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Investors Predict Strong Petchems Rebound

By John Richardson

POLYETHYLENE (PE) inventory levels are thought to be so low at the converter end of the business in China that a case is being made for a strong recovery in demand and pricing post-Lunar New Year.

A …

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PX – PTA market struggle intensifies

By Malini Hariharan

Asian paraxylene (PX) and purified terephthalic acid (PTA) markets have started 2012 on a contentious note that is likely to be repeated for the rest of the year.

The January Asian Contract Price (ACP) for PX is …

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Restocking Price Recoveries Will Be Deceptive

By John Richardson

WE will see, as we did in the second half of last year, chemical price recoveries on restocking as inventories are at very-low levels down many of the value chains. It will only take slight improvements in …

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Saudi Gas Costs Head Higher

By John Richardson

SAUDI Arabia’s petrochemical producers could soon, or may already, be paying $1.50-2.00/mmBTU for their ethane supplies.

“We are not sure whether the proposed increase from $0.75/mmBTU will take place from 1 January this year or from early 2013, …

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Resolving China’s Bad Debts

By John Richardson

IS China facing a bad debt crisis as serious, or perhaps even worse, than sub-prime in the US and sovereign debt in Europe?

Despite all the bland reassurances the blog keeps hearing from chemical industry executives about the …

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Wile E Coyote And China

By John Richardson

THE blog, a bit like Wile E Coyote who always fails to catch Road Runner, has been amazed in recent weeks at certain people in the chemicals industry who, in public at least, fail to grasp the complexities …

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America’s New Political Era

What follows is likely to be of little interest to those, like ourselves, who are obsessed by the week-by-week price of polyethylene (PE).

But a strong US economy is essential for a healthy global chemicals industry, and what is being …

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