Tag Archives | oil prices

Don’t Bet On A Post-Lunar New Year Rebound

 

By John Richardson

THERE is a very risky theory that I have picked up in my conversations with Asian polyolefin industry players over the past few days:

Strong underlying demand growth in China, low stock levels held by the …

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Oil Prices: Did You Heed All The Warnings?

By John Richardson

THE $30 a barrel price of crude at or below which some Asian naphtha cracker operators could be forced to exit the business is an increasing possibility.

Here is why:…

This January’s stockpile of crude in the

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China: Counting The Cost Of Wrong Analysis

By John Richardson

VERY few people listened when I warned in November 2013 that China’s economy was about to enter a “New Normal” as a result of the biggest about-turn in economic policy that China had seen for at least …

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China Would Be The Only Winner From A Price War

By John Richardson

IT IS dangerously wrong to still think of China as just a cheap, copycat low-value manufacturing nation. Yes, cheap, agreed, and to begin with, as was the case with the US, it has copied other countries’ technologies.…

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Asian Polyethylene: Inventory Losses Threaten Survival

By John Richardson

HERE are some observations, from several discussions with market participants this week, about what is happening in China’s key polyethylene (PE) market:…

If the oil price stays at $40-50 a barrel then payment collection from local customers,

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Chemical Sales, Capital Spending In A Weaker Oil-Price World

By John Richardson

THE above chart shows the top 23 of the latest ICIS Top 100 ranking of global chemicals companies by sales in US dollars for 2013.

When the 2014 numbers have been fully compiled and released later this …

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Indonesia: Seize The Day

By John Richardson

IT WAS criminally wrong. Yes, criminally wrong. Financial speculators drove up the price oil to $100 a barrel and more, which forced developing countries to waste many billions of dollars on fuel subsidies.

This was money that …

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How To Get Through 2015 In One Piece (More Or Less)

By John Richardson

EVERY time the oil price stabilises for just a few days there is pretty widespread talk of the market having found a bottom  and that a rebound is about to begin.

A case in point was last …

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Oil Markets In One Word: China

By John Richardson

A COMMENT I have heard so many times over the last two months is that once oil prices settle down, China’s petrochemicals buyers will have to come back in large numbers in order to replenish what must …

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US Petrochemicals: Three Predictions For 2015

By John Richardson

AS you can see from the table below, there are  no less than 12 US ethane-based cracker projects being planned with lots of associated downstream capacity.

Theoretically, this represents:…

14.8m tonnes/year of new ethylene capacity at these

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