Tag Archives | Middle East petrochemicals

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US Set To Adopt A Golden Rule

By John Richardson

ONE of the golden rules of petrochemicals is “always run hard if you have the feedstock advantage”. As a result, the US is said to have been a little frustrated by a series of operating problems that have constrained their average …

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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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US Chemicals Still Behind 2007

 By John Richardson

US chemicals production remains way below its pre-crisis 2007 level but production in Asia-Pacific, after a brief blip in 2009, continues to soar, according to these charts from the American Chemistry Council.

Whereas US producers have carried …

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Polyolefin Demand Remains “Very Weak”

 

By John Richardson

DEMAND remains “very weak” in China’s polyolefins markets, said a sales and marketing executive with a major Western producer.

“I am having real trouble justifying higher prices to my customers, which are partly the result of …

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June China Lending Disappoints

 

By John Richardson

POLYETHYLENE (PE) and polypropylene (PP) offer prices were reportedly on the rise across Asia earlier this week on increasing geopolitical tensions over Iran that led to a hike in crude prices.

“Butene-grade linear-low density (LLDPE) offers …

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Asian Operating Cuts Not Enough

By John Richardson

ASIAN naphtha cracker operators have cut production in response to the exceptionally weak China market, according to ICIS.

Yeochun Naphtha Cracker Centre (YNCC) has, for instance, lowered operating rates to 90 percent from 100 percent at its …

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Stimulus Nonsense Raises Hopes

By John Richardson

EARNINGS estimates for South Korean petrochemical companies will have to be cut by 50 percent for the full year 2012, said an industry observer.

“It is quite clear that the first quarter was dreadful for the South …

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PE Middle East Offers Keep Falling

By John Richardson

POLYOLEFIN markets are not going to bottom out until August-September at the earliest, according to several producers and traders who the blog spoke to yesterday.

And even if prices do eventually stop declining, confidence has all but …

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Polyolefins And China Real Estate

 

By John Richardson

SOME polyolefin companies continue to present an optimistic picture of markets to investors.

They point to positive factors such as renewed economic stimulus in China and a recovery in auto production in Thailand following last year’s …

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MEG’s Fading Star

 

By John Richardson

CHINA’S mono-ethylene (MEG) market was supposed to be very strong this year.

But instead, to date we have seen persistently weak market conditions that few people, least of all the traders, seem to have anticipated.

The …

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