Why China PE Demand Will Not Grow In 2011

By John Richardson

THE blog hears that some industry observers are persisting with the Supercycle theory for petrochemicals based on “decoupling” – i.e. emerging markets will compensate for any new recessions in the West.

We find this baffling as evidence …

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Limited Help For China’s SMEs

By John Richardson

THE credit crisis that is limiting chemicals and polymer trade in China is continuing, even though local initiatives have been launched to help small and medium-sized enterprise (SMEs) with the central government indicating that more help could be …

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Oil demand set to slip, will prices follow?

By Malini Hariharan

The International Energy Agency (IEA) has once again trimmed its oil demand forecast for 2011. And rising fears of a sustained global economic slowdown have also prompted the agency to cut the forecast for 2012.

The IEA …

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PDH spreads in China

By Malini Hariharan

After methanol-to-propylene (MTP), Chinese companies are racing to build propane dehydrogenation (PDH) plants with eight new projects announced over the last three months.

The blog estimates that PDH projects with a total propylene capacity of 4.6m tonnes/year …

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China’s Long-term Shift In Inflation

By John Richardson

THE odd chemicals trader who has gone long might well seek to talk-up his or her markets by claiming that the slowdown in China’s inflation rate is great news.

But nobody interested in anything beyond the sale of …

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This Is Not Merely A Rough Patch

By John Richardson

IT was interesting to read late last week about how certain chemicals analysts still believe that the big slump in the sector’s share prices might merely be a rough patch, possibly just a correction.

In this same excellent …

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MEG bucks the trend

By Malini Hariharan

There are some exceptions to the generally weak petrochemical markets seen in Asia these days and monoethylene glycol (MEG) is one such product.

Spot prices have hit a 44-month high of $1,275-1,280/tonne CFR China and are expected …

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Glass half full or half empty?

By Malini Hariharan

Despite a bleak global economic environment in the near term and uncertainty on how deep the next crisis will be chemical industry executives appear to be remarkably bullish about future prospects as is evident in KPMG’s latest …

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Last chance for Taiwan petchems

By Malini Hariharan

The Taiwanese government is once again talking of removing a ban on cracker investments by Taiwanese companies on the mainland.

The country’s minister of economic affairs said late last week that the government is willing to consider …

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Demand Weakness Dominates

By John Richardson

A CAREFUL reading of all the major ICIS pricing reports covering olefins, polyolefins, aromatics and their derivatives over the last few weeks reveals very few mentions of the phrase “peak demand season”.

This time last year, the …

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