China – An Opportunity And Threat

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Source of picture: Dachangplastic.com

 

By John Richardson

WHAT a difference ten years have made in the plastics processing industry, according to a Southeast Asian converter who sees China’s machinery=manufacturing prowess as an opportunity and threat.

“Ten years ago …

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Asia’s Polyester Producers Get Greedy

By John Richardson

THE current glum mood in the Asian fibre intermediates chain is in stark contrast to the optimism in polyolefin and other petrochemical markets. A broad-based price rally has occurred following the end of the Chinese New Year …

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Time to get aggressive

By Malini Hariharan

LyondellBasell’s board is reported to have rejected Reliance Industries’ revised $14.5bn buyout offer.

The rejection is not surprising as LyondellBasell is said to have valued itself at $15.5bn in its restructuring plan.

Reliance still has room to …

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It helps to have the right partner

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By Malini Hariharan

And Sumitomo Chemical has discovered this.

The company recently said that PetroRabigh, its joint venture with Saudi Aramco in Saudi Arabia, has managed to secure fresh ethane allocation of 30m scf of ethane for a second phase …

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Jurgen Talks A lot Of Sense

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Source of picture: http://www.referenceforbusiness.com/

 

By John Richardson

GROWTH in Europe isn’t going to return to 2008 levels before 2012, said BASF CEO Jurgen Hambrecht on the release of the German diversified chemical giant’s financial results for …

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THE US: Recovery, What Recovery?

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Source of picture: http://www.infiniteunknown.net/

 

By John Richardson

CORE consumer prices in the US declined for the first time in December since 1982, according to the latest American Chemistry Council (ACC) Weekl;y Chemistry and Economic Trends report.

And …

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Action in the propylene market

By Malini Hariharan

Just when Asian propylene prices started easing comes news of disruptions in production and price hikes in the West.

Propylene availability in Europe was hit after a strike by Total’s refinery workers early in the week resulted …

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The Dangers of Forgetfulness

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By John Richardson

“IF YOU want to develop a good memory, you should learn to stop xxxxxxx forgetting, you brain-dead idiot” a former editor of mine often said, in his charming Glaswegian accent, after I had made the same mistake …

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Optimism as China returns

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By Malini Hariharan

The China market appears to have started the year of the tiger on a strong note. We are not yet hearing a roar but at least it is not a whimper.

Pic source: Xinhua

A polyolefin market …

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Reliance makes it next move in quest for LyondellBasell

By Malini Hariharan

It is not surprising to read that Reliance Industries has raised its offer for LyondellBasell by $1bn to $14.5bn. The blog had been told last month that a higher offer was one of the strategic moves that …

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