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Global Polyethylene: A Painful Balancing Act

By John Richardson

HERE are a few important facts about polyethylene (PE):…

China accounted for 30%, or 2.35m tonnes , of global imports of linear low-density PE (LLDPE) in 2013 (see the above chart).
It accounted for 43% of high-density

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Malaysia: All That Glitters Is Not Gold

By John Richardson

ANYONE who visits Kuala Lumpur, Malaysia’s capital city, might well come away with the impression that everything is well with the country.

The hotels are heaving as are the restaurants,  bars and shopping centres. So are the …

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China Reforms: The Global Implications

By John Richardson

IT can feel logical to assume that the fundamentals of the petrochemicals business in Asia haven’t really changed.

When you think about it, apart from a brief interruption in the region’s success story during the Asian Financial …

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The Petronas Decision And Singapore

By John Richardson

THE blog continues to ponder the significance of the Petronas announcement that it is to go ahead with its $27bn refinery-petrochemicals project – the Pengerang Integrated Complex (PIC) at Johor in Malaysia.

“It means that Singapore faces …

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Poverty Alleviation Matters More Than GDP

By John Richardson

RICH people, relatively speaking, don’t buy that many chemicals and polymers – hence, poverty reduction matters from a dollars and cents as well as a moral perspective.

Thus, a report released this week by the Asian Development …

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China Targets Trade Finance

By John Richardson

AT the high inflation point of any financial bubble, you tend to get outlandishly dangerous and dodgy practices designed to make even more money because most people think that “this time will be different” – i.e. that …

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ExxonMobil, Energy Efficiency And Innovation

By John Richardson

SAVING money through energy efficiency, along with innovation, will be two of  the keys to success in the New Normal because  demand-growth patterns will be very different than during the Supercycle. The suspension, which guaranteed success for …

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The WTO “Bali” Deal Versus ASEAN Priorities

By John Richardson

WHY sacrifice national or regional growth for the sake of freer global trade?

This is a question the blog has been asking itself since the breakthrough last week at the World Trade Organisation (WTO) talks in Bali. …

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No Ethylene Margins Peak In 2016

 

By John Richardson

FORECASTS of European capacity closures and project delays and cancellations have led some financial analysts to the conclusion that there will be a peak in ethylene margins from 2016 onwards.

This will provide a few years …

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New Consensus Builds On Ethylene Supply Gap

By John Richardson

THERE seems to be a new consensus emerging over an ethylene capacity addition shortage between 2013 and 2017.

Many of the projects that are supposed to come on-stream during that period will either be delayed, or perhaps …

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