Tag Archives | petrochemicals

China PE Imports: A Long-Term Outlook

 

By John Richardson

THE chart below is worth revisiting, and pondering again, as we attempt to assess the future of polyethylene (PE) exports to China.

In the case of the Middle East, as the chart shows, it has been …

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Irrationality And Staying Solvency

By John Richardson

JOHN Maynard Keynes, the famous economist and speculator ,  once said “the market can stay irrational longer than you can stay solvent.”

In other words, if you are a trader you can sit around for ages waiting …

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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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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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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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