Tag Archives | Eurozone crisis

European Processors Bemoan Volatility

By John Richardson

THE blog listened to an interesting discussion yesterday, on the first day of the 2nd ICIS World Polyolefins Conference in Berlin, during which plastics processors tackled the perennial issue of volatility.

They complained that:

*Trying to build …

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APIC And Demand

 

Just an anomaly?

 

Source: American Chemistry Council

 

By John Richardson

FEEDSTOCK advantage is, of course, crucially important, but so is demand.

And yet the only subject that most people wanted to talk about in any depth at last …

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Post-War Fabric Of Europe Under Threat

The excellent article below from Paul Taylor at Reuters, which with his permission we publish in full below, describes how the European crisis is far from over, despite the hopes of financial markets following Mario Draghi’s pledge “to whatever it takes” …

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China Higher-Value Processors Exert More Pressure

By John Richardson

ALTHOUGH overall Chinese polyethylene (PE) demand, as we feared would happen, has fallen back to Q1-Q3 2012 levels (current sentiment suggests that it could be even lower), higher-value segments of the industry continue to do very well.…

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Chemicals In A Vicious Cycle

 

 

By John Richardson

OIL prices could fall to as low as $35-40 a barrel or might slip no further than $60-70 a barrel, depending on which analyst you belief.

And we know of one global polyolefins company that …

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Greek Election Results Change Nothing

By John Richardson

HOW long will the relief rally last in oil and equity markets following the Greek election results?

Sadly, the answer is not long, because difficult discussions lay ahead for the New Democracy party as it tries to …

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Canton Trade Fair Disappoints

 

By John Richardson

THE total value of export orders at the latest Canton Trade Fair, which finished this weekend, declined by 4.8% compared with the previous event in October last year.

This is the first decline in the value …

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A Polyolefin Trader’s Perspective

By John Richardson

Word for word, see below what an Asian polyolefins trader told us yesterday:

“This year has been absolutely terrible, the worst I can remember in eight years in this business, and even worse than 2008. There is …

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The Planning Process Gets Harder

By John Richardson

EARLIER this week we talked about the possibility that China might devalue the Yuan rather than allow it to further appreciate.

We have since been told by a senior chemicals industry source that this is exactly what …

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China’s Leaders Are Boxed In

By John Richardson

IT seems inevitable that petrochemical markets will respond positively to the Chinese government’s decision to reduce bank-reserve requirements by 50 basis points.

There will quite likely be a relief rally in the Dalian Commodity Exchange’s futures contract …

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