Tag Archives | Eurozone

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EU Summit Solves Nothing

 

European LDPE spot prices at their lowest level since January 2010 

 

By John Richardson

THE EU Summit results might have bought a little more time, but as John Authers points out in this article in the Financial Times, …

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US Chemicals Slowdown

US PE contract pricesBy John Richardson

THE American Chemistry Council’s Mid-Year Situation and Outlook Report, which was released this week, helps explain the background to the weakness in demand seen in the US polyethylene (PE) market.

What goes for PE …

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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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Not “Business As Usual”

 

By John Richardson

THE notion that Asian polyethylene (PE) markets would soon bottom out, which was widely expressed at the Asia Petrochemical Industry Conference (APIC) last month, seems to have been discredited.

There was a slight recovery for the …

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Fibre Intermediates In Panic

By John Richardson

A SENSE of panic has gripped the fibre intermediates chain as a result of falling crude oil prices, an industry observer told the blog.

“Nobody knows where the bottom of the market will be, which, to me, …

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Global Economy Loses Suspension

By John Richardson

ISN’T it interesting how when you talk to someone involved in a petrochemicals project, either publicly or privately, their project is very often sufficiently to the left of the cost curve to gain a winning advantage over competitors?

Discussions …

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No Big China Relief

By John Richardson

Wen Jiabao re-emphasised at the weekend that China’s economic policy would be tweaked rather than radically overhauled because inflation, despite declining further in April, remains a major threat.

Anybody hoping for a stimulus package on the scale …

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APIC: A Sense Of Shock

 

By John Richardson

ANOTHER theme that emerged from last week’s Asia Petrochemical Industry Conference (APIC) in Kuala Lumpur, Malaysia, was the shock at the extent of the price declines in the key China market.

In polyolefins, the slump in …

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Threat of Oil “Permafrost”

By John Richardson

Saudi Arabian oil minister Ali al-Naimi on Tuesday did his best to calm the oil markets by arguing that the kingdom had met all its customers’ requests for crude, and was ready to raise output to full …

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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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