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Global Autos Sales: Preparing For A 40% Decline

By John Richardson

ARE you preparing for a 40% collapse in global auto sales by 2040? Are you instead, both privately and publicly, burying your head in the sand because 2040 seems too far away to even begin to think …

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Investors Mislead US On Oil Versus Natural Gas

By John Richardson

DID you raise the right concerns during board meetings before the end of great oil-price bull run? If you didn’t, this is not intended as a criticism because it would quite likely have been career suicide to …

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China’s Yuan: Making Sense Of All The Noise

By John Richardson

LAST year nearly $1trn was moved out of China as rich people lost confidence in the direction of the economy. Much of this was moved if not illegally, then through stretching the rules to the very edge …

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The Risks Ahead For Polyethylene

By John Richardson

TOO many people will look at the chart on the left and think, “Crisis? What crisis?” But glance to the right for what it is like in another petrochemicals value chain. What is happening on the right …

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Oil In Free Fall: What It Means For Petchems

By John Richardson

AS crude heads to perhaps as little as $10-15/bbl, you have  evaluate the immediate, or first order, effects on the petrochemicals industry and then move to stage two – what it means in the longer term.

Right …

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Global Polyethylene Priced Off US Ethane. Why Not?

By John Richardson

WHEN you have spent several billion dollars building a brand new US steam cracker complex, you will of course do everything to maximise operating rates to pay back your debts, even if it means pricing off your …

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Polyethylene The “Last Man Standing”. For How Much Longer?

By John Richardson

POLYETHYLENE (PE) remains almost the “last man standing”. Whereas most of the other chemicals and polymers markets in China, including phenol,  polyvinyl chloride and purified terephthalic acid, are mired in almost vanished imports and poor profitability because …

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Autos Material Science: 180 Degree Change For Petchems

By John Richardson

HERE is an example of how the links between the petrochemicals and polymers business and the autos industry have long worked:…

  In the 1980s, propylene was a very low value co-product of naphtha and other liquids cracking.

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Deflation Threatens Asia’s Ethylene-Polyethylene Link

By John Richardson

AS you can see from the above chart, ever since April 1997, when we first started providing price quotes for spot Northeast Asian (NEA) high-density polyethylene (HDPE) film grade, it has been spot ethylene rather than spot …

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China Will Continue To Drive Global Deflation

By John Richardson

JANET Yellen has firmly signalled that US interest rates will be raised later this month for the first time since 2006.

There will be collateral damage, sure, as I discussed in September, most importantly because of the …

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