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Ethylene Margin Feast On Borrowed Time

By John Richardson

A remarkable feature of early 2010 has been the tremendous margins enjoyed by Asian ethylene producers.

Profitability in February, up until the end of the second week, had been the strongest since 2001, according to my colleagues …

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Corrected:Asian Naphtha-Ethylene Spreads Touch 2007 Levels

We should have originally written ‘integrated low-density polyethylene (LDPE) in paragraphsix, but instead wrote linear-low density PE (LLDPE). It’s now been corrected and apologies for the error – we will be buying some better glasses (less of this “we” – it’s actually “me”!)…

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Polyethylene Pricing Separates From Fundamentals

By John Richardson

Linear-low density polyethylene (LLDPE) pricing in China has become increasingly divorced from industry fundamentals as a result of the growing role of the Dalian Commodity Exchange’s futures contract, claimed a Singapore-based polyolefin trader late last week.

And …

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China Govt’s Next Moves Critical For World Economy

By John Richardson

CHINA’S decision yesterday to increase the amount banks must set aside as reserves and two interbank interest rate rises in the space of a week are designed to tighten monetary conditions as worries grow over overheating and …

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Asean-China FTA: Indonesian drama unfolds

By Malini Hariharan

Eight years after agreeing to the Asean-China FTA (ACFTA) and a few days after its implementation the Indonesian government has succumbed to industry pressure to ask the Asean Council to renegotiate tariff reductions on 228 categories of …

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Concerned about the Asean FTA? There’s not much you can do about it.

The implementation of a zero-tariff regime in Asean from 1 Jauary 2010 has raised concerns among polymer producers in Indonesia and the Philippines about intense competition from Singapore and Thailand leading to a erosion in market shares.

Producers from these …

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Shell would like to build two MEG plants in Qatar

 

By John Richardson

An ethane shortage is slowing Shell Chemicals’ ambitions for building at least one cracker complex in Qatar, Ben van Beurden, executive vice-president of the company said last week.

“Ideally, we’d like to build two crackers and …

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Has Shell Made The Right Choices on MEG?

Looking pretty – the new Shell plant at night:

Sourceof picture: Shell Chemicals

 

By John Richardson

WHEN Shell Chemicals officially opened its OMEGA process 750,000 tonne/year monoethylene glycol (MEG) plant in Singapore today, it mentioned how its global production …

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Disappointment in India…speculation on Rabigh

By Malini Hariharan (Malini is now joint blogger for Asian Chemical Connections)

The 17 Nov public hearing arranged by the Indian government at Delhi to discuss provisional anti dumping duties levied on PP imports from Saudi Arabia, Singapore and Oman …

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US Dollar Carry Trade Threat To Chemicals

Stay cool and don’t panic!

Source of picture: www.wired.com

 

 

By John Richardson

THE growth of the carry trade US dollars – leading to a sharp depreciation of the greenback and possibly of many other unintended consequences – represents …

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