Tag Archives | US economy

European Markets Weaken Further

By John Richardson

THE dreadful state of European polyolefin markets became even more evident late last week as prices continued their declines.

Discussions on further reductions in European olefin contract prices were also set to begin today.

High density polyethylene …

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Chemicals Buying & The IEA Decision

 

By John Richardson

CHEMICALS and polymer demand looks even less likely to be supported by “buying forward” following yesterday’s decision by the International Energy Agency (IEA) to release 60m barrels of crude into the market.

Here is a bit …

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Chemicals “Spin” Will Continue

By John Richardson

THE reluctance of sell-side chemicals analysts to downgrade their forecasts should be severely tested by the Federal Reserve’s decision to downgrade its outlook for the US economy.

US GDP growth will now be only 2.7-2.9% in 2011 …

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US Olefins, Polyolefins In Denial

 

By John Richardson

THE majority of financial analysts seem to be clinging on to the hope that the recovery in petrochemicals demand from China is about to happen.

This doesn’t just apply to our industry. Analysts across many sectors …

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Chemical Shares Fall From “Buzz Mountain” Summit

By John Richardson

CHEMICAL share prices have surged to the top of what one industry observer calls “buzz mountain” during the last six months.

The buzz has been centred on the supercycle theory which holds that recent corrections in commodity …

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Saudi Petchem Output Increase

By John Richardson

YESTERDAY’S fractious OPEC meeting – where members were unable to agree on a proposal by the four biggest members to raise output – may not necessarily be good news for petrochemicals.

For a long time the industry …

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China Polyolefin Demand Growth Flat In 2011

By John Richardson

POLYOLEFINS demand growth in China is likely to be flat in 2011 over last year, a senior industry executive and a consultant have told us.

“I am quite pessimistic and don’t see the Chinese government winning the battle …

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Shell Firms-up Interest in New US Capacity

By Malini Hariharan

Shell Chemicals has become the latest entrant to a steadily growing list of companies looking at new cracker investments in the US.

As we wrote about last week, Shell Chemicals told us in an interview at the …

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Global Polyolefins At A Tipping Point

By John Richardson

A GLOBAL slowdown in manufacturing is already being reflected in European and US polyolefin markets as anxiety in the industry grows over the prospects for the rest of this year.

European June contract prices for ethylene and …

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APIC Delegates Focus On Capacity

By John Richardson

THE article of faith publicly expressed at last week’s Asia Petrochemical Industry Conference (APIC) in Fukuoka, Japan, was that the current problems with demand in China and India were only temporary.

Discussions the blog held were packed …

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