Tag Archives | plastics

ExxonMobil Highlights US Growth Challenge

By John Richardson

WHEN somebody very senior in the petrochemicals industry makes a bold statement – one that pulls no punches – it is worth taking note.

And so it is worth reading in full what Stephen Pryor, ExxonMobil Chemical …

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The Minority Isn’t Always Wrong

By John Richardson

“I REALLY worry about the ability to export extra capacity from the US as I think global markets will become much more regional,” said a source with a poylolefins producer .

“The US is also pretty much …

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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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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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Global Deflation

By John Richardson

TEN trillion dollars doesn’t buy what it used to do, according to The Wall Street Journal.

The reason is that despite central banks across the world aggressively expanding their balance sheets, there is no inflation.

“My customers …

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India’s plastic problems

By Malini Hariharan

A surprise court order in India earlier this month has put pressure on plastic packaging and has raised the risk of restrictions on its use in a very popular segment – cheap sachets or pouches that are …

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Changing expectations

By Malini Hariharan

A turnaround in petrochemical fortunes in the US, as a result of falling gas prices, means that Dow Chemical is willing to wait to get the best value for its basic chemicals business.

At an earnings call …

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China Polyolefin Inventories Surge

A post-Chinese New Year dream….

Source of picture: http://www.scsa.net.au/

 

 

By John Richardson

The large amount of polyolefins delivered to China over the past few months is causing further head-scratching and anxiety among producers and traders.

One view, well …

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