Tag Archives | European petrochemicals

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France’s Difficult Future

By John Richardson

Francois Hollande, who has the won the French presidential election, talks about cutting the retirement age to 60 from 62 for people who have worked for 41 years.

This is a handy slogan for an election campaign.…

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Europe’s “Recovery” Falters

 

By John Richardson

THE mood in European ethylene and polyethylene (PE) markets has changed over the last two weeks, according to my ICIS pricing colleagues, Nel Weddle and Linda Naylor.

“A drop in crude oil and naphtha values saw speculation …

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Confidence And Petrochemicals

By John Richardson

CONFIDENCE is a strange thing. It can be derived from solid reasons for optimism over the future or from temporary factors that can rapidly disappear.

And what is the value of publicly-expressed confidence? Is it often politically …

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Inventories And Price Recoveries

By John Richardson

THE role of inventory management in European petrochemical price recoveries needs to be re-examined, given persistently weak underlying economic fundamentals.

In Europe, as this ICIS Insight article from my colleague Mark Victory points out, benzene contract prices have …

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Europe Markets Lure Asian Polyolefins

By John Richardson

EXACTLY the same scenario is playing out in European polyolefin markets, as in Latin America and possibly the US, my ICIS colleague Linda Naylor reported last Friday.

High polyethylene (PE) and polypropylene (PP) prices in Europe have …

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Pricing To Struggle For The Rest of 2012

By John Richardson

Further confirmation of the themes we raised yesterday emerged from an interview with a senior polyolefin industry source, with some important new analysis.

Profitability in Asia is the worst of any of the three regions, he told …

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Confidence Is Often Relative

By John Richardson

CONFIDENCE can be very relative. So, compared with late Q4 last year when global cracker and derivatives markets ground to a virtual halt, perhaps it was inevitable that January would see some kind of rebound in the …

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Seeing Through The Smokescreens

By John Richardson

CHEMICALS traders and the financial community, quite obviously, benefit enormously from volatility.

Thus we have seen certain chemicals markets being talked-up by the trading community on the basis that the post-Lunar New Year period will see a …

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Placing Faith In Politicians

By John Richardson

THE public mood of last week’s Gulf Petrochemicals and Chemicals Association (GPCA) conference in Dubai was resolutely optimistic.

But in the corridors, the dining rooms and the coffee bars of the conference hotel, the mood was radically …

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Everywhere You Turn…..

By John Richardson

It really is unrelentingly depressing, even though we hear that a few investors in chemicals stocks are clinging-on to the hope that provided everyone maintains tight production, demand will recover very strongly in Q1 of next year.…

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