OPEC, China Inflation And Petchems

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By John Richardson

OPEC’s decision to maintain crude quotas at current levels could give the banks further ammunition to manipulate opinion that the black stuff is genuinely in tight supply.

There is plenty of evidence that oil is, in fact, …

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Petchems And Tomorow’s OPEC Meeting

By John Richardson

THE next OPEC meeting – which takes place in Ecuador this Saturday (11 December) – is crucial for petrochemicals for two reasons.

Firstly, the crude market has turned bullish recently as a result of the early onset …

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Chinese MEG Demand Up By 2m tonnes This Year

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By Malini Hariharan

Global monoethylene glycol (MEG) markets are likely to remain robust in 2011, supported by strong demand from China and a lack of new capacity additions, a top executive from MEGlobal told the blog at the 5th Gulf …

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Lasting Damage To US Chemicals

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By John Richardson

The huge and long-lasting impact of the economic crisis on the US chemicals industry is detailed in the excellent Year-End Situation and Outlook report from the American Chemistry Council (ACC), which was released late last week.

Light …

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India PE in a tight spot

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By Malini Hariharan

It is not just China where polyethylene (PE) producers face problems.

Indian producers have been struggling to place volumes as huge imports during the last couple of months have saturated the domestic market.

PE import volumes were …

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December Polyolefin Price Rises Flounder

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“I am so happy to be supporting polyethylene film pricing”….

Source of picture: Canada-China Agriculture and Food Development Exchange

 

By John Richardson

IT looks as if attempts by polyolefin producers to raise prices for December deliveries have, as we …

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A dose of caution

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By Malini Hariharan

Predictions about a steady recovery in petrochemical margins from financial analysts have multiplied in recent weeks and producers too have turned bullish with many expecting to sail through 2011 without any major difficulties.

But in the midst …

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The Threat From a Resurgent China Vinyls Industry

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The price of coal…..

Source of picture: www.guardian.co.uk

 

By John Richardson

A big shake-up in China’s chlor-alkali to carbide-based polyvinyl chloride (PVC) industry is underway which could have major implications for the global industry, we have been told by …

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Delays at yet another cracker project

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By Malini Hariharan

The blog is hearing about fresh delays at ONGC Petro-Additions Ltd’s (OPaL) cracker project at Dahej on the west coast of India.

Conceived a few years back, the dual-feed 1.1m cracker project, based on ethane separated from …

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The Strange Story of China Rate Cuts & Emissions

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By John Richardson

A rumour emerged a few weeks ago that Sinopec would be required by the government to cut its operating rates in order to either or both help China achieve its 11th Five-Year Plan emissions targets and/or increase …

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