Tag Archives | Middle East petrochemicals

The “Why” Behind Sinopec’s Investment Freeze

By John Richardson

SINOPEC has announced that it will halt some of its new petrochemicals investments. This could involve the postponement of up to three cracker projects with a combined ethylene capacity of 2.8m tonnes/year, according to this excellent story …

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Less Rather Than More Petchems Free Trade

By John Richardson

A LOT of the talk at this year’s GPCA conference in Dubai was of the need for more free trade in petrochemicals.

There seems to be a risk that as more countries develop refinery and petrochemicals businesses, …

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No Ethylene Margins Peak In 2016

 

By John Richardson

FORECASTS of European capacity closures and project delays and cancellations have led some financial analysts to the conclusion that there will be a peak in ethylene margins from 2016 onwards.

This will provide a few years …

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China PE Imports: A Long-Term Outlook

 

By John Richardson

THE chart below is worth revisiting, and pondering again, as we attempt to assess the future of polyethylene (PE) exports to China.

In the case of the Middle East, as the chart shows, it has been …

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The Saudi Feedstock Debate Intensifies

By John Richardson

THE debate about the future competitiveness of Saudi petrochemicals versus the US is heating up.

In January, we reported that Jamal Malaikah (see picture), the president of Saudi polypropylene (PP) producer National Petrochemical Industrial Co (NATPET), had …

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Filtering Out The Noise

By John Richardson

ONE should be careful about reading too much into the above margins for February as, of course, there was very little trading activity because of Chinese New Year (CNY), whilst oil and therefore naphtha prices increased.

But …

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1.5m tonnes Of New Asian PE Supply In 2013

By John Richardson

SOME 1.5m tonnes of new polyethylene (PE) supply will arrive in the Asian market during 2013 at a time of very uncertain and fragile demand, a source with a global producer has told the blog.

A large amount …

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NATPET Warns On Saudi Gas Increase

By John Richardson

SAUDI ARABIA’S National Petrochemical Industrial Co (NATPET) has gone public over an issue that has worried Gulf Co-operation Council (GCC) petrochemical producers for several years now: The erosion of the GCC’s competitive advantage over the US.

“There …

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China Polyolefins Recovery Continues…..

…..For Now 

 

By John Richardson

RELATIVE to most of 2012 – when China’s polyolefins market was in dire straits – November, December and early January have been excellent for traders who took the right positions. At least one producer …

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World Heading For L-Shaped Recovery

Mr Bernanke, please take note

By John Richardson

The recovery is always six months away and so while most people have written-off the first half of next year, the hope is that by H2 everything will be back to normal.…

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