Tag Archives | oil prices

Global Growth Outlook: Sorting Out The Continuum

By John Richardson

WHAT do you do for a living? Are you a speculator in equity markets or do you make things for a living?

These, we think, are highly relevant questions as we head towards the New Year.

It …

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Oil Market Risks For 2014

By John Richardson

PAUL Satchell, the UK-based chemicals analyst with glob investment bank Cannacord Genuity wrote  in his December Volume Proxy* report, which was released earlier this month: “It has long been our opinion that real demand fundamentals in commodity …

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Chemicals Companies Risk Losing Market Muscle

By John Richardson

IT used to be so easy. All you had to do was build a feedstock-advantage plant outside China and/or build a plant in China and demand would take care of itself.

The reason was that China was …

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The Rebirth Of Naphtha Cracking

 

By John Richardson

Might cracking naphtha in Asia, Europe, and perhaps even the US, once again become so attractive that it starts to challenge the big advantage currently being enjoyed by cracking ethane?

Yes, perhaps. Opportunities could arise to …

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Global Petchem Markets Turn Bearish

By John Richardson

EXCESSIVE inventory building down all the major petrochemical value chains is a global rather than just a Chinese problem, according to Paul Satchell – the UK-based chemicals analyst with global investment bank  Canaccord Genuity in his latest …

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It Is Not A Question Of If, But Rather When

By John Richardson

IT is not a question if, but rather when Xi Jinping and Li Keqiang decide that enough is enough and get on with tackling China’s growing financial imbalances. That is if they don’t want the whole house …

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Adjusting Inventories To Lower China Growth

By John Richardson

EXCESSIVE inventory building across a range of commodities in China, including  petrochemicals, continues to worry the blog.

One reason, as we discussed yesterday, might be that traders are in the midst of a liquidity squeeze as a …

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More People Wanting To Buy Than Sell

By John Richardson

SOME people in the petrochemicals industry are showing great confidence in the future.

Perhaps it is no coincidence that several of these people are said to be Chinese domestic traders in polyethylene (PE) and mono-ethylene glycol (MEG) …

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Asia, The Fed And Swimming Naked

 

By John Richardson

WHEN the tide eventually goes out, we will find out who has been swimming naked.

This will also be the case in several emerging markets, ex-China, when the Fed eventually draws down its stimulus.

Hot money …

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benzene global 2013 H1.JPG

The Complexities Of Benzene

By John Richardson

SOMETIMES petrochemicals markets defy reality, on the occasions when pricing moves out-of-synchronicity with the underlying nature of demand.

This is the case with benzene today (see the above pricing chart) as my ICIS colleague Truong Mellor describes, …

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