Tag Archives | China economy

Clinging On To Vain Hopes

By John Richardson

ANYONE clinging on to the hope that the weakness in the global polyolefin market is merely down to China going through a prolonged period of destocking could face a rude awakening.

China’s polyethylene (PE) demand was down …

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Boom, Gloom and the New Normal – Chapter 2 Published Today

Chapter 2 of Boom, Gloom and the New Normal is published today.

In a completely new and challenging analysis we argue:

• The Western BabyBoomers boosted chemical demand for housing, autos and electronics during their peak consumption years between 1980-2000. …

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PE Market Weakness Spreads To US

By Malini Hariharan

After Europe, the US polyethylene (PE) market has started showing increasing signs of weakness. Spot offers have rapidly fallen putting downward pressure on June contracts that are currently under negotiation. Producers may have no choice but to …

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European Markets Weaken Further

By John Richardson

THE dreadful state of European polyolefin markets became even more evident late last week as prices continued their declines.

Discussions on further reductions in European olefin contract prices were also set to begin today.

High density polyethylene …

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Chemicals Buying & The IEA Decision

 

By John Richardson

CHEMICALS and polymer demand looks even less likely to be supported by “buying forward” following yesterday’s decision by the International Energy Agency (IEA) to release 60m barrels of crude into the market.

Here is a bit …

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US Olefins, Polyolefins In Denial

 

By John Richardson

THE majority of financial analysts seem to be clinging on to the hope that the recovery in petrochemicals demand from China is about to happen.

This doesn’t just apply to our industry. Analysts across many sectors …

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Chemical Shares Fall From “Buzz Mountain” Summit

By John Richardson

CHEMICAL share prices have surged to the top of what one industry observer calls “buzz mountain” during the last six months.

The buzz has been centred on the supercycle theory which holds that recent corrections in commodity …

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Misplaced Faith In China Recovery

By John Richardson

WEAKER domestic consumption-growth in China represents a major challenge to the argument that global petrochemicals demand, and therefore pricing, will see a strong recovery during 2011.

Price declines continued last week with low-density polyethylene (LDPE) down a …

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Ethylene And PE Markets Decline Continues

By John Richardson

THE decline in Asian and European ethylene and polyethylene (PE) markets continued last week with no sign of the recovery that producers still hope will take place by end-June at the latest.

Asian ethylene prices slipped by …

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Saudi Crackers Could Soon Be At 100%

By John Richardson

SAUDI ARABIA’S crackers could soon be running at operating rates of 100% again following widespread reports quoting the al-Hayat newspaper that the country’s crude production is set to rise to 10m barrels a day in July. Al-Hayat, a Saudi …

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