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Global Trade: What The New Dynamics Mean For Petchems

By John Richardson

THE result of this year’s US presidential election may well be determined by one issue – trade – as yesterday’s first presidential debate perhaps indicated.

These are incredibly dangerous times for the global economy, and with it, …

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Polyethylene: A World Turned Upside Down

By John Richardson

THE recent history of polyethylene (PE) shows a global competitive landscape very different from that which most people expected two years ago.

Two years ago, we were told that the natural price for oil was $100/bbl because …

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G20 Reassurances Not Enough To Stop A Currency War

By John Richardson

PRESIDENTS XI Jinping and Barack Obama have made a commitment to avoid competitive currency devaluations at the G20 summit in Hangzhou.

The fact sheet released by the two presidents also contained this statement: [China will] “continue an …

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China’s One Belt, One Road: What It Means For PP and PVC

By John Richardson

MONDAY’S blog post on China’s One Belt, One Road initiative has produced a very strong response. I thus thought it was important to discuss in detail  what what One Belt, One Road could mean for two major …

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How To Battle For Value In Oversupplied Markets

By John Richardson

FOR the moment all is good, as the chart above illustrates, which details the premiums that C6 metallocene-grade linear-low density (LLDPE) have enjoyed over standard commodity grade C4 LLDPE in the key China market.

The October 2010 …

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The New World Of Demand, Trade And Competition

By John Richardson

TOMORROW nearly always ended up being better than today for the polymers industry, thanks to the resilience of demand growth during the Economic Supercycle.

What also made life easy was the assumption that global free trade would, …

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China And A Breakdown In Free Trade: Scenarios For Petrochemicals

By John Richardson

MY blog post last Friday, on the threat to the petrochemicals industry of a retreat in global free trade, has gained a great deal of interest. This is good as this is an essential debate.

Today I …

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As Global Free Trade Unwinds, Where You Have Built Becomes Critical

By John Richardson

THE assumption that global free trade will continue to grow has successfully underpinned the strategy of petrochemicals producers for many years. Companies have been able to plan new capacities in just about any location secure in the …

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Oil Below $30, Trade Barriers Etc: Implications for US Polyethylene

By John Richardson

FOUR years ago it seemed like an absolute “no brainer”.

Just about everyone thought that China’s economy was going to expand at double digit annual rates, virtually forever.

You also had the surge in ethane availability in …

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Britain’s EU Exit Vote Reflects Lack of Trust In Expert Opinion

 

By John Richardson

MOST politicians, central bank governors, economists and business leaders told everyone that there was no way that the US housing market could drag the world into a global financial crisis.

Then we were told that China’s …

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