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Thirty Reasons Why Ethylene Will Not Be Tight Until 2019

By John Richardson

THERE is a very common view out there that the ethylene cycle will tighten from next year until around 2019, when the big flood of new US capacity is expected to hit the market.

This is supported …

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China: How To Chart The Future

By John Richardson

THE chart below should not be printed out and pinned on any chemicals company boardroom wall. If you accidentally press the “print” button, you must throw the print-out in the bin, without pause, just in case somebody …

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China Coal-To-Olefins “A Net Water Producer”

By John Richardson

IT has become the accepted wisdom over the last few years that the coal-to-olefins (CTO) process in China consumes a lot of water.

This theory has been expressed in so many conference papers and in research papers …

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China’s Polyolefins Supply Surge: The Bigger Picture

By John Richardson

ON paper, the polyolefins supply surge in China during 2014 is huge as it involves:…

Some 2.2m tonnes/year of new  polyethylene (PE) capacity, according to this ICIS news article.
No less than 4.1m tonnes/year of new polypropylene

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China: Do You Really Know Where Your Product Ends Up?

By John Richardson

AS a senior Chinese official announces that investigations into metals trading fraud have been extended from 13 to 24 provinces, and that $10bn worth of fraud could be involved, it stands to reason that these complex webs …

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Global Petchems Industry Must Prepare For More Difficult 2015

THE direction of Asian polyethylene markets, once again, serves as a good guide for the overall global petrochemicals industry.

Producers in every region and in every sector of our industry should, therefore, take note of what follows. They must prepare …

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China’s Lending Up Just 5% As Govt Refuses To Blink

By John Richardson

CHINA’S official bank lending was up just 5% in January-August of this year compared with the same period in 2013, according to some more value-added data crunching by our fellow blogger, Paul Hodges.

It is  absolutely critical …

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Another Hammer Blow For China Polyethylene

By John Richardson

CHINA is bringing down the hammer time and time again as it continues to play the whack-a-mole game.

The latest blow to one or several of the unlucky moles involves the People’s Bank of China’s (PBOC) decision …

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Iron Ore and Petrochemicals Share The Same Delusions

By John Richardson

BACK in January we wrote:  “As China’s investment growth model is unwound – for economic as well as social reasons –  iron ore prices [will] decline significantly, leading to the failure of the smaller mining companies and …

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China Transformation Webinar Tomorrow

By John Richardson

EVERYWHERE you look is the same,  according to the Asia ICIS pricing reports for the week ending 5 September. For example:…

Purified terephthalic acid operating rates were just 52-53% at the end of last week, down from

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