Post merger Braskem talks of global growth through acquisitions

By Malini Hariharan

After overcoming legal objections, Braskem took the final step late last week to announce the merger of the petrochemical operations of Petrobras, Odebrecht and Quattor, to create not only Brazil’s largest petrochemical company but also America’s largest …

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China Latest Growth, Inflation Raise Rate Rise Fears

By John Richardson

CHINA’S soaring fourth-quarter GDP (gross domestic product) growth – and the release of the latest inflation statistic – has heightened fears among economists that interest-rate rises will be necessary, risking collapse in house prices if it’s not managed …

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China Latest Credit Tightening Blow To Chemicals

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By John Richardson

CHINA’S decision to temporarily halt lending by some banks – which was announced yesterday – as it attempts to further cool the economy will likely have a significant effect on chemicals demand and pricing.

This follows last …

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Time for Reliance to make its next move

By Malini Hariharan

Reliance’s bid to acquire LyondellBasell has taken an interesting turn after yesterday’s court ruling.

The US bankruptcy court has allowed Lyondell Chemical, the US arm of LyondellBasell, time until 15 April to file a reorganisation plan. During …

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Is it time for price corrections?

By Malini Hariharan

After experiencing steep price hikes over the last few weeks should seller start preparing for a fall? Signs of resistance and a slowdown in buying are being seen across a few products suggesting that price corrections may …

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Polyethylene Pricing Separates From Fundamentals

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By John Richardson

Linear-low density polyethylene (LLDPE) pricing in China has become increasingly divorced from industry fundamentals as a result of the growing role of the Dalian Commodity Exchange’s futures contract, claimed a Singapore-based polyolefin trader late last week.

And …

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“Trust in me, go to sleep,” – the objective of China’s Central Bank

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Source of picture: www.forums.comicbookresources.com

 

 

By John Richardson

I loved the analogy in yesterday’s Lex column in the Financial Times, comparing the objectives of any central bank to those of Kaa, the python in Jungle Book …

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Asia Olefins-Polyolefins To Stay Tight Till April

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By John Richardson

The tight supply olefin-polyolefin supply that has characterised markets since the first quarter of last year continues with no sign of relief for resin buyers until at least early April.

But whereas production problems and start-up delays …

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India still shining

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The figures may not be as impressive as China but India too has been churning out some good growth numbers.

The Index of Industrial Production was up 11.7% in November, the fastest pace of growth in more than two yeas. …

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Methanol Enjoys Oversupply Respite

By John Richardson

SINGAPORE (ICIS news)–Multiple production issues are likely to keep Asian methanol markets tight until at least May after which new supply might give struggling buyers more leverage, said Mark Berggren, managing director of Singapore-based consultancy, Methanol Market …

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