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Asian Ethylene, PE Declines Continue

By John Richardson

ASIAN ethylene and polyethylene (PE) margins both fell last week – a further indication that the Chinese market remains weak.

Bonded warehouses are still full of PE as a result of high imports in March at a …

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Iran Petchems Hit By New Sanctions

 

Source of picture: irantrip1wordpress.com

 

 

By John Richardson

IRAN’S ability to further develop its oil, gas and petrochemicals sectors has received further major blows from new rounds of United Nations and US sanctions.

One June 9, the UN …

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China Property Sector Dangers Grow

 

Source of picture: www.chinadigitaltimes.net

 

 

By John Richardson

HOPES for strong China chemicals and polymer demand growth in H2 partly rest on government stimulus money for infrastructure projects compensating for a weakening real-estate sector.

Whether its direct consumption …

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Mood Becomes Gloomy On Macro Dangers

Dear Readers – here is, hopefully, a hand summary of some of the key themes that have emerged over the past two weeks with some important additional data on imports and inventory levels in China – plus a rather unscientific …

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German World Cup Win And A Double-Dip Recession?

            

                                                                 

                                 Please, please not again…

Source of picture: soccernet.espn.go.com

 

 

By John Richardson

The dreadful state of China’s polyethylene (PE) market will last for at least the next two months as a result of the overstocking we talked …

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Ethylene Margins Plunge On PE Rate Cuts

By John Richardson

THE steep decline in Asian ethylene margins – detailed in the chart below from the ICIS pricing weekly margin report – seems to be largely the result of the worrying state of China’s polyethylene (PE) market, which …

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China PE Market Falls Prey To The Speculators…..

….again

By John Richardson

THE sharp fall in polyethylene (PE) pricing in China is being blamed on speculative acquisition of cargoes by traders in March and a rise in local production.

Apparent consumption (imports plus local production) is reported to …

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China PE, PP Weakness Set To Continue

Europe and China: A two-tier market is hard to bear…

Source of picture: blog.pinkcakebox

 

By John Richardson

CHINA’S polyolefin pricing is likely to remain under downward pressure over the next few months as a result of a persistent inventory …

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Petronas Restructuring Details Emerge

Petronas seeks to scale new heights

Source of picture: www.mir.com

By John Richardson

MORE details have emerged concerning the major restructuring taking place at Petronas, the Malaysian state-owned oil, gas, refining and petrochemicals major.

Vice-presidents have being appointed to head …

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Crisis of confidence

By Malini Hariharan

Asian polyolefins (PO) producers are seeing no signs of an immediate recovery in demand and pricing as buyers in the key China market continue to remain on the sidelines.

There are just too many negative factors, says …

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