Muddled Messages Over Yuan Revaluation

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Source of picture: www.thewecc.com

 

By John Richardson

Confusing messages continue to emerge from Beijing over whether a revaluation of the Yuan is imminent, a debate that has major implications for the chemicals industry.

The Financial Times reported this …

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IOC moves ahead with Panipat cracker

By Malini Hariharan

Commissioning activity at Indian Oil Corp’s (IOC) new cracker and derivatives complex at Panipat, India, is progressing well, according to a company source. Operations at the new 857,000 tonnes/year cracker have started.

“Onspec propylene is in the …

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US Optimism Needs To Be Tempered

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Flagging Recovery

Source of picture: www.guardian.co.uk

 

By John Richardson

THE latest US Institute of Supply Management survey signalled a buoyant manufacturing sector, in line with likely Q1 GDP (gross domestic product) growth of 5%, says the latest Weekly Chemistry …

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China Chemicals Review And Outlook

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Source of picture: www.destination360.com

 

Dear Reader

Please click here – ChinaChems2009AndOutlook.doc for my review of what happened in China last year and Q1 2010 and for some pointers for the rest of this year.

All the bestJohn Richardson…

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Speed Of China’s Growth Triggers New Official Warning

By John Richardson

The chairman of China Construction Bank has spoken about the dangers created by China’s GDP (gross domestic product) expanding by more than 9.5% in 2010, which, according to many analysts, seems highly likely: GDP is estimated to …

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Formosa awaits approval for big expansions in China

By Malini Hariharan

In a research note released today, UBS has highlighted plans by Formosa Chemical and Fibres (FCFC) for major expansions at Ningbo, China.

The Taiwanese petrochemicals major is in the process of getting Chinese government approval for a …

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China Polyolefins – A Bad Case Of Indigestion

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By John Richardson

IT IS always dangerous to assume that the future will be exactly the same as the past – a big lesson from the recent financial crisis.

But so seems to have been the assumption amongst China’s polyolefin …

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A view from the West

By Malini Hariharan

The Asian olefin and polyolefin markets have softened in recent weeks but the US market remains on a different track, as seen in these reports filed by my colleagues on ICIS news.

Ethylene prices are still firm …

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Aramco Confirms Ras Tanura Location Review

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Here’s a post from a guest blogger, my good colleague Prema Viswanathan – Deputy Managing Editor of ICIS pricing in Asia.

Ras Tanura and Al-Jubail

Source of picture: www.absoluteastastronomy.com

 

By Prema Viswanathan

A Saudi Aramco official has confirmed a …

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Dealing With The Middle East Logistics Challenge

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Singapore’s container port

 

 

Source of picture: www.gcaptain.com

By Malini Hariharan and John Richardson

A big challenge facing many companies that have built large polymer plants that are located far from key markets is how to move product most efficiently.…

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