Tag Archives | US petrochemicals

China PP Import Decline Challenges Global Markets

By John Richardson

THE latest data on China’s polypropylene (PP) imports should set alarm bells ringing in polyolefin company board rooms:…

China’s PP production was up by 14% in January-April 2016 versus the same four months last year, with imports

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US Ethane Shipments And The Broader Picture

By John Richardson

THE first shipment of ethane from the US to Europe, which is set to arrive on Wednesday to feed the INEOS cracker at Rafnes in Norway, will be widely interpreted as meaningonly one thing: That nothing in …

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Investors Mislead US On Oil Versus Natural Gas

By John Richardson

DID you raise the right concerns during board meetings before the end of great oil-price bull run? If you didn’t, this is not intended as a criticism because it would quite likely have been career suicide to …

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Global Polyethylene Priced Off US Ethane. Why Not?

By John Richardson

WHEN you have spent several billion dollars building a brand new US steam cracker complex, you will of course do everything to maximise operating rates to pay back your debts, even if it means pricing off your …

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Pointing The Finger At Wrong Incentives Won’t Help

By John Richardson

PEOPLE do what they have to do to get by and so how we behave largely depends on the incentives that are set for us.

To give you just one example, the route to “getting by” – …

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Why The China “Higher Base” Argument Doesn’t Stand Up

By John Richardson

WHAT an amazing success story. The above chart shows that:…

China’s high-density polyethylene demand rose by 151% between 2000 and 2014 to end up at around 10 million tonnes.
Low-density PE consumption surged by 72% to approximately

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US Petchems: Last Piece Of Expansion Logic Fades On Falling Crude

By John Richardson

THE demand was simply never going to be there to support anywhere close to the number of US cracker and derivatives projects listed in the table above. There long been two reasons for this:…

The US is

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Burying Your Head In The Sand Is Not The Answer

By John Richardson

YOU are a US polyethylene (PE) producer or any other chemicals producer in a country that remains on the wrong side of the new consensus about climate change. Sure, you can choose to bury your head in …

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US Needs A New Normal “Permanent Study Group”

By John Richardson

A LOT of the discussions taking place in and around last week’s American Fuel & Petrochemical Manufacturers International Petrochemical Conference (IPC) in San Antonio, Texas, was, of course, around oil prices.

Lower crude prices means less of …

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US Petchems: Victim Of A Black Swan? What Black Swan?

 

By John Richardson

JIM Gallogly, the former CEO of LyondellBasell, has advised US petrochemicals companies to “think very, very hard” about new investments.

“Some of you simply are going to be too late. And you need to recognise where …

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