Tag Archives | Kuwait

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Middle East-China MEG Exports Surge

By John Richardson

MONO-ETHYLENE glycol (MEG) exports to China rose to 4.12m tonnes in the first half of this year from 3.38m tonnes during the same period in 2011, according to data from Global Trade Information Services (GTIS).

The main …

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Don’t Underestimate The Middle East

 

Source of picture: Wikimedia Commons

 

By John Richardson

THE theme of last week’s Gulf Petrochemicals and Chemicals Association (GPCA) conference in Dubai was “Moving Downstream, Creating Added Value and Sustainable Growth”.

There is a huge effort underway in …

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Living In Hope Rather Than Expectation

By John Richardson

HOPEFUL theories espoused by traders can sometimes sound a little hollow – as was the case with the one doing the rounds in Asian polyolefin markets late last week.

“We think the latest interest rate rise in China …

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European PE, PP below Euros1,000/tonne

By John Richardson

JOURNALISTS are often accused of exaggeration for the sake a good story, but it is genuinely no exaggeration to say that markets are in free-fall.

Last week we reported on how European polyolefin pricing was on a …

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Saudi Crackers Could Soon Be At 100%

By John Richardson

SAUDI ARABIA’S crackers could soon be running at operating rates of 100% again following widespread reports quoting the al-Hayat newspaper that the country’s crude production is set to rise to 10m barrels a day in July. Al-Hayat, a Saudi …

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Saudi Petchem Output Increase

By John Richardson

YESTERDAY’S fractious OPEC meeting – where members were unable to agree on a proposal by the four biggest members to raise output – may not necessarily be good news for petrochemicals.

For a long time the industry …

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Scenarios For China Refining & Petchem Output

By John Richardson

IF exploration and production (E&P) is the dog and refining the tail on the dog, poor old petrochemicals is merely a flee on the tail of the dog, goes the old saying.

Hence last November we reported …

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China Remains Weak On Government Tightening

By John Richardson

CHINA’S polyethylene (PE) market – a reasonable proxy we often use for the chemicals and polymer industries as a whole – remains worryingly weak, according to several traders and producers interviewed by the blog this week.

Modest …

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Chinese MEG Demand Up By 2m tonnes This Year

By Malini Hariharan

Global monoethylene glycol (MEG) markets are likely to remain robust in 2011, supported by strong demand from China and a lack of new capacity additions, a top executive from MEGlobal told the blog at the 5th Gulf …

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Diminishing Returns From Middle East Projects

Downtown Riyadh

 

 

By John Richardson

As my fellow blogger Malini Hariharan wrote last week “the projects environment in the Middle East has irrevocably changed” and with it the rather glib and outdated assumption still being frequently made that …

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