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Dalian Swings In Favour Of The Buyers

Polyolefin producers doing RMB business in China were delighted when price increases on the Dalian Commodity Exchange linear-low density polyethylene (LLDPE) futures contract started leading the physical market on the way up.

“We used the exchange to justify charging higher …

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How do Asian cracker operators compete?

Source of Picture: www.autospies.com

Not an easy answer and not one much suited to a few paragraphs of blogging.

But here’s one thought as the competitive environment becomes a great deal more difficult due to new Middle East capacity and …

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The Philippines: Left With the Crumbs

“Here’s your entire allocation for this month”

Source of Picture: Adammakwright.wordpress

In the words of a plastics converter from the Philippines: “Markets are so tight at the moment that we are left to pick up the crumbs. Suppliers are concentrating …

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What I Want To Know in H2 – Part Two

Garbage out, garbage in

Source of Picture: The Daily Telegraph

Here goes for the second part of this series.

Is there anybody out there who can help?

How will the ongoing availability of recycled material affect the pricing power of …

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Reports of the death of US PP exaggerated

“Reports of my death are greatly exaggerated,” Mark Twain once famously said after his obituary was published before he had died.

Similarly, the US polypropylene (PP) industry had been virtually written off late last year after a calamitous collapse in …

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Dalian: A Whole New Ball Game?

Source of picture: waittilnextcentury.blogspot

Back to an old theme, the Dalian Commodity Exchange, this story from ICIS news talks of how physical cargoes are being bought and then sold at a price fixed now for November delivery. At the time …

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What I Want to Know in H2 – Part One

How will this one run?

Source of Picture: chemicals-technology.com

In the 12 years I’ve been covering the chemicals industry I don’t think I have come across a time of such exceptional market muddle.

The traders love it. As a wise …

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Chemicals company H2 complacency?

Chemical companies as a whole displayed “dangerously complacent” views about second-half 2009 prospects when they released their Q2 results late last week, argues chemicals analyst Paul Satchell in his blog.

“They believe that demand has bottomed. Although they can’t see …

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China inventory sentiment survey

Peering through the fog

On the theme of data again, in the ideal world it might be possible to send thousands of hardworking foot solders out into the field in China to chase down every warehouse of polymers and count …

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China polyethylene inventories are high

 

 

 

A Mars Bar feast in store if crude hits $30/bbl again

Source of Picture: Amazon.com

 

 

 

Polyethylene (PE) inventories in China at the second and third local distributor levels are at very high levels, two …

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