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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December Polyolefin Price-Rise Bid Will Fail

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By John Richardson and Malini Hariharan in Shanghai

A TWO-TIER China polyolefin market had developed in China over the last couple of years – but the $64,000 question right now is: At which of these two levels will most business …

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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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