By John Richardson OVERCONFIDENCE is perhaps the biggest risk for 2011 as a result of sales volumes that have this year exceeded even the most wildly optimistic forecasts. The danger is that we have yet to see the worst of this current petrochemicals cycle. Companies and chemicals analysts might have got a little ahead […]
Asian Chemical Connections
One more view on the cycle
By Malini Hariharan The debate on the next petrochemical upcycle is heating up. After confident forecasts of a “supercycle” the blog is increasingly hearing more cautious assessments Take the recent report from Credit Suisse which stresses that while conditions for a period of bumper margins are favourable there are still many uncertainties. Pic source: avalonwine.com […]
Oversupply In Petchems Still On The Way
Perhaps not just yet…. By John Richardson COULD it be that some chemicals industry players and observers, in the great galloping rush to join the supercycle stampede, have got ahead of themselves in predicting that we are already through the bottom of the margins trough? This distinct possibility was raised by Joe Duffy, consultant with […]
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