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Japan Disaster: Immediate Petchem, Refining Impact

By John Richardson

THE earthquake and tsunami that hit Japan on Friday afternoon is still hard to take in. We send our sympathy to everyone connected with this disaster and just hope and pray that the rescue efforts go exceptionally …

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Chemicals And Polymer Prices Behave As We Predicted

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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Asian Polyolefin Trade Slows on Free-Trade Muddle

By John Richardson

Polyolefin shipments have been held up in ports by lack of awareness among customs officers at some ports in Southeast Asia over how to implement new free-trade deals, an industry source told us.

It seems highly likely …

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Philippines cracker – revival of an epic saga

By Malini Hariharan

Some projects never die.

JG Summit has been planning a cracker since 1995 but has always had problems in securing funding. The project was revived in 2005 even as questions were raised about its viability.

It would …

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Concerned about the Asean FTA? There’s not much you can do about it.

The implementation of a zero-tariff regime in Asean from 1 Jauary 2010 has raised concerns among polymer producers in Indonesia and the Philippines about intense competition from Singapore and Thailand leading to a erosion in market shares.

Producers from these …

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China Export Gains Raise Sustainability Fears

 

Source of picture: www.msnbc.msn.com/id/23512037/

 

 

CHINA is making export gains at the expense of other higher-cost competitors that might not be sustainable because of reasons including rising trade protectionism and economic rebalancing.

Chemical companies need to factor in …

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The Philippines: Left With the Crumbs

“Here’s your entire allocation for this month”

Source of Picture: Adammakwright.wordpress

In the words of a plastics converter from the Philippines: “Markets are so tight at the moment that we are left to pick up the crumbs. Suppliers are concentrating …

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Credit Expansion Linked To Dalian Boom?

Source of Picture: http://blogs.suntimes.com/ebert/

We have just started doing our research and so more details later – but see attached this Excel spreadsheet –
lendingVDalianOI.xls

It compares the increase in lending from China’s banks with the amount of open interest …

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Micro-management gone too far?

“Nobody can see until the end of the month – never mind into the third quarter,” commented an olefins trader recently.

“The reason is that very senior managers are too busy micro-managing everything, from getting involved in trying to track …

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How to make money in a downturn Part 1

Herein begins an occasional series where I offer advice on how to make a little cash.

By the way, is it me or do I get the sense that a lot companies haven’t woken up to the severity of the …

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