Tag Archives | oil prices

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China Investment Lowest Since 2002

By John Richardson

THE chart above indicates the extent to which polyethylene (PE) price rises over the last few weeks have failed to adequately compensate for higher feedstock costs.

Last week saw prices edge up by a further $10-40/tonne, according …

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As Oil Rises Demand Weakens

By John Richardson

A barrel of Brent crude oil cost $88.49 a barrel in June. Yesterday, it was trading at $116.55 a barrel.

In the intervening period the global economy has substantially weakened, most notably in the case of China, …

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A Game Of Two Halves

Source: ICIS

 

By John Richardson

CHINA’S fibre intermediates industry could end of being a game of two halves in 2012, to use an old football (or soccer for the benefit of our America readers) clich√©.

The reason is that …

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Dysfunctional Oil Markets

By John Richardson

“HOW do a I tell my customers that polyethylene (PE) price rises are justified by more expensive naphtha, when the market is so weak?” asked an Asia-based sales and marketing executive with a major producer earlier this …

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Global Polyethylene Margin Picture

By John Richardson

ASIAN high-density polyethylene (HDPE) margins have improved in June and July compared with the rest of the year, according to the above chart from the ICIS Weekly PE Margin Report.

But the overall year-to-date trend illustrates how …

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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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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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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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Greek Election Results Change Nothing

By John Richardson

HOW long will the relief rally last in oil and equity markets following the Greek election results?

Sadly, the answer is not long, because difficult discussions lay ahead for the New Democracy party as it tries to …

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