Total waits for Qatar to decide

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By Malini Hariharan

Qatar Petroleum seems to be in no rush to sign up a foreign partner for its next cracker project. With doubts about ExxonMobil’s participation, the field has narrowed to Total Petrochemicals and Shell.

Total’s proposal for a …

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Saudi pressure fails to work

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By Malini Hariharan

The polypropylene (PP) anti-dumping investigation that Indian producers had initiated against exporters from Saudi Arabia, Singapore and Oman has finally drawn to a close.

The Finance Ministry confirmed anti-dumping duties (ADD) late yesterday, just a day before …

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The big PTA headache

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By Malini Hariharan

If sourcing PTA has been challenging this year, the bad news is that the situation is unlikely to improve for the next couple of years.

Rapid polyester capacity expansion, especially in China and India, is already outpacing …

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Chemicals And Polymer Prices Behave As We Predicted

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By John Richardson

AS the blog had anticipated would happen, there were sharp retreats in some chemicals and polymers pricing late last week on the steep declines in equity and crude prices.

Polyethylene (PE) fell by $70-130/tonne, according to our colleagues …

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Oversupply In Petchems Still On The Way

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Perhaps not just yet….

By John Richardson

COULD it be that some chemicals industry players and observers, in the great galloping rush to join the supercycle stampede, have got ahead of themselves in predicting that we are already through the …

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Petchem Pricing Faces Big Declines

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By John Richardson

THE wheels have started to come off the wagon – as we have been warning about over the past week or so - as a result of a broad sell-off in equities and commodities.

Inflation concerns in China and …

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Reliance Reveals Major Investment Plans

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By Malini Hariharan

India’s Reliance Industries is evaluating investments in a number of chemicals including olefins and derivatives, acetyls, elastomers and fibre intermediates to increase its petrochemicals production from crude, a senior company executive has told the blog.…

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US Petrochemicals A World Beater

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Shell’s refinery and petchems complex in Deer Park, Texas

Source of picture http://www.msnbc.msn.com/

 

By John Richardson

THE excellent third-quarter financial results of the likes of Dow Chemical and LyondellBasell further confirm the extraordinary turnaround in the cost positions of …

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Iran Remains Optimistic On Exports

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                                    Dubai crucial for Iran

 

By Malini Hariharan

The blog recently had an opportunity to talk to a few Iranian companies and was impressed by their sanguine approach to the challenges posed by the new round of sanctions.

This too …

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Facts, Fiction And Price-Rise Sustainability

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Source of picture: tycoonreport.com

 

 

By John Richardson

This is a very dangerous time for petrochemicals producers as they attempt to separate real, sustainable demand from feedstock-cost related price rises and speculation.

A bubble – as we discussed yesterday …

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