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China Polyethylene: What To Tell Your Boss

 

 

By John Richardson

YOU are a junior researcher working for a global polyethylene (PE) producer.  This is your opportunity to help change “group thinking” and so greatly improve your career prospects.

It is not going to be easy, …

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Ten Reasons Why US Petrochemicals Should Think Again

By John Richardson

IT is incredibly hard to “stare a gift horse in the mouth” when your share options have soared in value and you annual bonuses, based on your company’s record-breaking profitability, have been nothing short of fantastic for …

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European Petrochemicals: Making Money Despite Deflation

By John Richardson

THE European petrochemicals industry has done staggeringly well since 2008 thanks to operating rate discipline, skillful inventory management and feedstock flexibility – for example, the INEOS and SABIC initiatives to import low cost ethane from the US.…

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China Capacity Closures? Stop Whistling In The Dark

By John Richardson

Measured in US dollars, the price of US imports from China has risen just by 4% over the last ten years, but measured in Yuan, it has actually fallen by no less than 20% (see our above …

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Coming To Terms With Global Deflation

By John Richardson

YOU used to be able to take, say, a World Bank report on GDP growth forecasts, plug that into your spread sheet, look at low per capita consumption of chemicals and polymers in the developing world and …

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China: Don’t Get Caught Naked

By John Richardson

THAT’S it then, the evidence is in that the September surge in China’s exports was, indeed, as I thought, substantially down to fake invoicing.

“The gap between China’s reported exports to Hong Kong and the territory’s imports …

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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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