Tag Archives | petrochemicals

New Consensus Builds On Ethylene Supply Gap

By John Richardson

THERE seems to be a new consensus emerging over an ethylene capacity addition shortage between 2013 and 2017.

Many of the projects that are supposed to come on-stream during that period will either be delayed, or perhaps …

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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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China Commodities Rally About Protecting Existing Debt

By John Richardson

OVER the last few days we have focused on the increased risk-on trade in commodities, including petrochemicals.

But maybe the rallies we have seen  in products such as fibre intermediates and polyethylene (PE)  are mainly about traders …

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China Export And Import Data May Obscure The Real Picture

By John Richardson

CONFUSED? Perhaps, as was definitely the case last Friday, you shouldn’t be.

The thrilled reaction of financial markets to the release of China’s July export and import data needs to be put into the context of it …

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The Great Polyethylene Mystery Hunt Continues

By John Richardson

REPORTS of soaring apparent polyethylene (PE) demand (imports plus domestic production) in China continue as the search also persists for an explanation, given the country’s weak macro-economic environment.

Last week we wrote of  a 13% increase in …

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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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China Petchems H2 Price Rally

By John Richardson

CHINA’S petrochemical prices might rally in the second half of this year, along with local stock markets, in response to the delayed impact of the big surge in bank lending that took place in Q1.

James Gruber, …

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APIC And Demand

 

Just an anomaly?

 

Source: American Chemistry Council

 

By John Richardson

FEEDSTOCK advantage is, of course, crucially important, but so is demand.

And yet the only subject that most people wanted to talk about in any depth at last …

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China Compensation

By John Richardson

A MAJOR Southeast Asian polyethylene (PE) producer has reduced its percentage of exports to China from 30-40% in 2012 to just 10% so far this year, a source with the producer told the blog on the sidelines …

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Damage Limitation

By John Richardson

POLYETHYLENE (PE) prices crept up by $10-50/tonne for the week ending 22 February, according to ICIS pricing.

But, as the above chart shows, integrated high-density PE variable cost margins in Southeast and Northeast Asia remained very weak, …

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