Tag Archives | China

Too Late For Iron Ore, But Not For Petrochemicals

By John Richardson

YOU might be familiar with the phrase “putting all your eggs in one basket”. It is the kind of phrase that you learn at your mother’s knee, and yet CEOS seem to have forgotten what they were …

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Getting Started On Rebuilding Your Company Strategy

By John Richardson

THE New Normal is a journey of discovery, as my colleague Paul Hodges pointed out in his blog post yesterday.

As this latest global economic crisis develops, it is vital that we start the journey otherwise many …

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China Coal-To-Olefins “A Net Water Producer”

By John Richardson

IT has become the accepted wisdom over the last few years that the coal-to-olefins (CTO) process in China consumes a lot of water.

This theory has been expressed in so many conference papers and in research papers …

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China’s Polyolefins Supply Surge: The Bigger Picture

By John Richardson

ON paper, the polyolefins supply surge in China during 2014 is huge as it involves:…

Some 2.2m tonnes/year of new  polyethylene (PE) capacity, according to this ICIS news article.
No less than 4.1m tonnes/year of new polypropylene

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China: Starting All Over Again

By John Richardson

WE NOW know is that China’s real GDP growth is probably heading into negative territory, perhaps by as early as Q4 – and if not by then, certainly in 2015.

But in order to fully answer “how …

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Global Petchems Industry Must Prepare For More Difficult 2015

THE direction of Asian polyethylene markets, once again, serves as a good guide for the overall global petrochemicals industry.

Producers in every region and in every sector of our industry should, therefore, take note of what follows. They must prepare …

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Eight Steps To Realising This Will Be Worse Than Lehman Bros

By John Richardson

WE are going through a process of realisation at the moment. It is not a linear process   – i.e. not all people will be at the same stage.

Equally, chemicals and other company executives will move backwards …

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Broad Commodities Sell-Off Threatens Petrochemicals

By John Richardson

IRON ore prices are now down by nearly 40% so far this year to a level not seen since September 2009.

As for crude oil, Brent has now dipped below $100 per barrel, for the first time …

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Iron Ore and Petrochemicals Share The Same Delusions

By John Richardson

BACK in January we wrote:  “As China’s investment growth model is unwound – for economic as well as social reasons –  iron ore prices [will] decline significantly, leading to the failure of the smaller mining companies and …

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Asia Chemicals Will Need To Cut Operating Rates

By John Richardson

THE above chart, from Paul Satchell’s latest Volume Proxy*, indicates that the downturn in Asian chemicals markets has become more entrenched.

“The continued decline in the Asia line lends further support to our earlier assertion that the …

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