China To The Rescue Again? Unlikely….

By John Richardson

AS the global economy enters a new recession the great hope, as we discussed yesterday, is that China once again steps in with a stimulus package as did in late 2008.But can China risk a repeat of …

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Place Your Bets – Who Is Right?

By John Richardson

DOW Chemical CEO Andrew Liveris said in a 27 July conference call that China’s industrial economy was still doing very well. “They’re managing themselves down very nicely,” he added, pointing to official GDP growth numbers of 8-9%, …

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Polyolefins In “Chaos And Panic”

By John Richardson

CHINA’S polyolefin market was in “total chaos and panic” this morning, according to a Singapore-based trader.

The Dalian Comodity Exchange’s futures contract in linear low-density polyethylene (LLDPE) fell a further 5% this morning after declines earlier in …

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Q2 setback for Korea

By Malini Hariharan

The margin pain experienced in Asia in the last quarter is clearly evident in the recently released results by South Korean majors Honam Petrochemical and LG Chem.

Honam’s operating profit for Q2 declined 36.8% from the previous …

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Oil Prices, Wall Street And Economic Chaos

By John Richardson

Crude oil and commodities markets have lost touch with the fundamental realities. This didn’t just happen yesterday, but began a decade ago.That’s the argument the blog put forward in the latest chapter of our new free eBook, …

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India petchem projects update

By Malini Hariharan

India’s major petrochemical projects are inching forward very slowly and the blog will not be surprised if there are more delays along the way.

Reliance has yet to kick start its 1.4-1.6m tonnes/year cracker project adjacent to …

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Formosa’s troubles deepen, markets rally on supply concerns

By Malini Hariharan

The latest accident at Formosa Petrochemical Corp’s (FPCC) refinery at Mailiao, Taiwan, on Sunday is adding to the bullish sentiment in markets for key petrochemicals. A fire in the propylene recovery unit has forced the company to …

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The View From Ground Level Is Different

By John Richardson

The macroeconomic headwinds are building, making it hard for some of those at the ground level in Asian polyolefin markets to foresee anything but fragile and tough trading conditions.

This is in marked contrast to the fairly …

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Polyolefin End-users Assume The Risk

By John Richardson

POLYOLEFIN end-users in China and Southeast Asia began to re-stock in significant numbers last week on anticipation that supply is going to remain tight for the next few weeks at least, the blog has been told.

“There …

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The US Debt Crisis And Asian Chemicals

By John Richardson

THE consequence of either a failure by the US to raise the debt ceiling and/or a downgrading of the country’s Triple A debt rating would have obviously have serious consequences for the Asian and global chemicals industries.…

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