Abandon Fear And Plan For The New Utopia

Michael_corleone_1215062539.jpg

Michael Corleone once told his fiancee, “The old way of doing things is over – even my father knows that. In ten years time, the Corleone family will be entirely legitimitate” and ten years later he was still killing lots …

Continue Reading

Japan More Competitive Than You Might Think

tokyo7.jpg

 Tokyo at nightSource of picture: liveworldtours.com

 

 

 

By Malini Hariharan

it is easy to write off the Japanese petrochemicals industry which has for long struggled to find a solution to the dual pressure of rising global competition and …

Continue Reading

Distorting The Outlook For 2011

blinkered-greed.jpg

 

 

Source of picture: http://www.intentblog.com

By John Richardson and Malini Hariharan

THE view from a particular geography, grade of polyolefin or end-use application might be distorting the outlook for 2011.

In China and India and other emerging markets demand …

Continue Reading

Wrong Assumptions Drive Shipping, C2 Investments

goat-ears.jpg

The goat has been got 

 

Source of picture: michaelscomments.wordpress.com

 

By John Richardson

EARLIER this week we blogged on the 25 or so ethylene carriers that could be delivered into the shipping market by 2013 and the risk this poses …

Continue Reading

The perils of forecasting

Screen shot 2010-09-30 at 11.33.46 AM.png

By Malini Hariharan

This is a tough time for those who are in the business of forecasting. Predictions of petrochemical margins hitting the bottom in 2009 have so far not materialised and volumes from new plants are being digested quite …

Continue Reading

Iran Sanctions Lead To Illegal Shipments Claim

44140130_42604497001_Iranmap.jpg

Source of picture: http://www.westernesa.com/

 

By John Richardson

AN allegation has been made that traders could be changing bills of lading on cargoes of a certain liquids chemical being shipped out of Iran in an effort to get round tougher …

Continue Reading

Don’t worry, be happy

By Malini Hariharan

The blog was able to talk to a Korean polyolefins producer who was not perturbed by the recent weakness in Chinese demand and was fairly confident of selling October volumes.

“It’s the holiday season so converters do …

Continue Reading

Chandra Asri And TriPolyta To Merge

Chandra Asri.jpg

By John Richardson

The consolidation talked about in Indonesia for more than ten years – that between cracker operator and polyethylene (PE) producer Chandra Asri and polypropylene (PP) producer TriPolyta – is finally set to happen by January next year. …

Continue Reading

Ethylene Freight Rates Head For Collapse

Flyingpig.bmp

“If I didn’t care what happens to you….”

Source of picture: www.sydbarrett.com

 

By John Richardson

AS many as 25 new ethylene vessels could be in operation by 2013 as a result of what one shipping industry source told the …

Continue Reading

Saudi Kayan commercial production delayed to end-2011?

28062006 Large_tcm22-4604.jpg

By Malini Hariharan

Sabic’s Saudi Kayan appears to be heading down the same road as other recent Saudi petrochemical projects.

After starting up a 1m tonnes/year cracker and a mono ethylene glycol (MEG) facility, a local media report states that …

Continue Reading