Tag Archives | European petrochemicals

Europe’s Economic “Recovery”

 

By John Richardson

EUROZONE GDP expanded 0.3% in the second quarter of this year and it will probably also have expanded in Q3. As a result, if you view the end of a recession as two consecutive quarters of …

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China PE Demand In 2013: Flat Or Declining

By John Richardson

SENTIMENT continues to severely undermine polyethylene (PE) demand in China as converters, lacking confidence in a big new economic stimulus programme later this year, keep their raw-material purchases to an absolute minimum.

“It used to be the case …

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Players In Europe And Asia Are Serious About Cheap US Ethane

A fascinating guest blog post by my colleague, Nigel Davis (see below) explores how excess US ethane supply could help raise the competitiveness of European and US crackers. Provided, of course, that there is sufficient demand.

By Nigel Davis

IT …

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The First Quarter Financial Results Dilemma

By John Richardson

EUROPEAN olefins markets have turned decidedly bearish, according to my ICIS colleague, Nel Weddle.

“Although the lack of pre-buying in February ahead of a much talked-about increase for March contract prices had been deemed a bearish signal, …

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Death By A Thousand Cuts

By John Richardson

COST cutting and disciplined operating rates have been two of the factors that have helped maintain European cracker and polyethylene (PE) profitability at pretty healthy levels since the onset of the global financial crisis in 2008.

So …

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SABIC’S Al-Mady Issues Europe Warning

By John Richardson

MOHAMED Al-Mady, the CEO of SABIC, told the Financial Times yesterday that he worries about Europe losing out on petrochemical investments because of its reluctance to embrace shale gas.

“Some European companies already made the decision to go …

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European Petchems Face Tough Choices

 

By John Richardson

AT LEAST one global polyolefins producer is rumoured to be shipping increased volumes of resin from the US to Europe in response to the shale gas-derived shift in competitiveness.

“Dow Chemical CEO Andrew Liveris is making …

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Dysfunctional Oil Markets

By John Richardson

“HOW do a I tell my customers that polyethylene (PE) price rises are justified by more expensive naphtha, when the market is so weak?” asked an Asia-based sales and marketing executive with a major producer earlier this …

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Global Polyethylene Margin Picture

By John Richardson

ASIAN high-density polyethylene (HDPE) margins have improved in June and July compared with the rest of the year, according to the above chart from the ICIS Weekly PE Margin Report.

But the overall year-to-date trend illustrates how …

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Northeast Asia PE Weakest Margins

 

Source: ICIS pricing Weekly Asian PE Margin Report

 

By John Richardson

The slide above shows how Northeast Asian naphtha-based polyethylene (PE) producers are struggling as a result of the weak China market (dark blue bars).

And it confirms …

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