By John Richardson ASIAN naphtha cracker operators will see a 50% decline in average spreads, or differentials, between their raw-material costs and finished product prices in 2018 compared with last year, according to my forecasts in the above chart. This will be the result of a further steep rise in oil prices and increased polyethylene […]
Asian Chemical Connections
Climate Change, Extreme Weather: Implications For Chemicals Companies
By John Richardson The greater frequency of extreme weather events presents a huge challenge for chemicals companies. Take Hurricane Harvey and Hurricane Irma as the most obvious current examples. Weather forecasting service AccuWeather writes in this article: This is the first time in the history of record keeping that two Category 4 or higher hurricanes, […]
Hurricane Harvey Economic Risks Increase As Cost Estimates Soar
By John Richardson AGAIN, it’s the human cost that of course matters the most – and let’s hope it doesn’t keep on climbing. As of earlier today, the number of lives lost as a result of Hurricane Harvey had risen to 44. My sympathies and thoughts go out to all the families involved. But chemicals […]
Hurricane Harvey: The Case For Major Negative Economic Consequences
By John Richardson THE most important thing here is the human cost. Thirty lives had already been lost as a result of Hurricane Harvey as I wrote this post. Let’s hope that if this number must rise, it doesn’t rise by many more. But at times like this chemicals and other companies have to of […]
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