Aromatics markets often lead petrochemical markets, and provide good insight into economic trends. This has certainly been true of PTA (terephthalic acid) and benzene over the past year. PTA demand into polyester and PET is dominated by Asia: benzene’s wide variety of uses means it is a good proxy for industrial production in Europe. Recent developments have been […]
Tag Archives | aromatics
Our 13th annual World Aromatics & Derivatives Conference takes place in Berlin next week. Jointly organised as always by International eChem and ICIS, it features a must-hear list of speakers: ExxonMobil: Europe Business Director Tim Stedman will give a global market overview Dow Chemical: Global Business Director Pieter Platteeuw will discuss the future for benzene […]
Next month’s World Aromatics and Derivatives Conference in Brussels has a range of top-name speakers discussing key issues for the markets. Co-organised as always with ICIS, it features: Shell: Global strategy manager Herbert Le Lorrain will present Shell’s new scenarios for the future, ‘Mountains and Oceans’ Bayer MaterialScience: New procurement head Christian Buhse will provide his first impressions […]
Next week’s World Aromatics conference is a must-attend event for anyone involved with the industry. It features speakers from leading companies including Dow, Saudi Aramco and Shell, as well as from the International Energy Agency. In addition, there will be a special session on the impact of today’s record oil price levels. Plus the blog […]
Next month’s World Aromatics conference is a must-attend event for anyone involved with the industry. It features an impressive line-up of major players, including Saudi Aramco, the world’s largest oil company, as well as Dow, Shell and the International Energy Agency. Jointly organised with ICIS, it takes place on 13 – 14 November: Saudi Aramco […]
Our 10th European Aromatics and derivatives conference will take place on 22-23 November. Co-organised with ICIS, it provides an excellent opportunity for delegates to meet up and exchange views in the critical end-of-year period. It features the usual strong line-up of speakers: Patrick Thomas, CEO of Bayer Material Science, will talk about the outlook from […]
The blog is delighted to be in Singapore next month, for its 5th Asian Aromatics & Derivatives Conference. It will be the ideal moment to review the challenges facing the industry, and develop plans for H2. As always, the Conference is being organised with ICIS, and features an excellent line-up of speakers: Shell’s Alexander Farina […]
Volume is a key driver for chemical company profits. High volume means operating rates increase, reducing unit costs. Companies also gain more pricing power. But when volume is low, the reverse happens. Thus the above chart from leading analyst Paul Satchell of Collins Stewart is telling an important story. It shows: • Volumes were very […]
Chemical companies are about to report excellent results for Q1. Those upstream may well record even higher profits than in 2007/8. CEOs and CFOs therefore face a critical decision. Do they assume today’s trends will continue, and forecast excellent profits for the rest of the year? This would be very tempting, and is clearly the […]
Benzene has always been the blog’s favourite indicator for the economic outlook. It has the most number of applications, due to its head-start in being a major product when coal was the main feedstock. Equally, paraxylene (PX) is an excellent indicator of demand in emerging economies, as their rise in living standards leads to greater […]
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Paul Hodges is Chairman of International eChem, trusted commercial advisers to the global chemical industry.
The aim of this blog is to share ideas about the influences that may shape the chemical industry over the next 12 – 18 months. It will try to look behind today’s headlines, to understand what may happen next in important issues such oil prices, economic growth and the environment. We may also have some fun, investigating a few of the more offbeat events that take place from time to time. Please do join me and share your thoughts.
Between us, we will hopefully develop useful insights into the key factors that will drive the industry's future performance.