Archive | Polyolefins RSS feed for this section

China Jan-Feb Polyethylene Imports Fall 22%

By John Richardson

CHINA’S polyethylene (PE) imports declined again in February, and are down by an average of 22% over both January and February of this year compared with the same period in 2014.

SOME people will tell you that …

Continue Reading

China’s Polyolefins Recovery On Shaky Ground

By John Richardson

CHINA’S polyolefins markets were in a muddle last week as a result of resilient offer prices for imported material versus a fall in pricing for domestic cargoes.

Domestic polyethylene (PE) prices were largely softer, but local distributors …

Continue Reading

China: Affordability, Affordability And Affordability

By John Richardson

THE charts below, provided by fellow blogger Paul Hodges, are of great value for any chemicals company looking beyond the current cycle of deflation and debt in China. If you want to be a winner in the …

Continue Reading

China’s Polyolefins Price Recovery: The Role Of Crude

By John Richardson

THE  above chart is a useful reminder of the role that crude prices has played in influencing the pricing of polyethylene (PE) and polypropylene (PP) in Asia since January of last year (I have picked just two …

Continue Reading

Be Very Careful Of the $60-70 Oil “New Normal”

By John Richardson

THERE is an argument being made that the recent stability in oil prices will continue as crude enters a “New Normal” of $60-70 a barrel.

This type of thinking seems to have had an effect on petrochemicals …

Continue Reading

China By Itself Is Not A Strategy

By John Richardson

SOMETIMES a bit of data is worth many thousands of words – and so my choice of chart for today.

It shows that in one major petrochemical, polyethylene (PE), China’s imports in 2014 continued to hugely overshadow …

Continue Reading

Stand Back And Think: Can This Oil-Price Rally Really Last?

By John Richardson

THE talk in oil markets right now is largely about falling US rig counts and how this has resulted in tighter supply.

But it is very important to note that this focus on the rig count is …

Continue Reading

Take Stock And Plan For the Post-New Year China

By John Richardson

NOBODY involved in the Asian chemicals industry is likely to have been surprised by Saturday’s announcement that January’s official purchasing managers’ index (PMI) slipped into negative territory for the first time in more than two years.

The …

Continue Reading

Don’t Bet On A Post-Lunar New Year Rebound

 

By John Richardson

THERE is a very risky theory that I have picked up in my conversations with Asian polyolefin industry players over the past few days:

Strong underlying demand growth in China, low stock levels held by the …

Continue Reading

China: Again, Please Listen To Us: “No Change In Direction”

By John Richardson

China’s Premier, Li Keqiang, could not have been clearer in comments that he made on Monday during a meeting with some of the country’s top corporate leaders.

He told business leaders that the government aimed to create …

Continue Reading