Tag Archives | petchem margins

CEOs remain cautious over 2010 Outlook

The blog’s quarterly survey of company Outlook statements shows CEOs remain very cautious. There has been a rebound after the destocking disaster of Q4 2008 – Q1 2009. But there seems little confidence that we will quickly return to the levels of demand and margin seen in the 2003-7 Boom period. China’s stimulus and loan […]

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PE margins back to 2003 levels

The excellent ‘ICIS Weekly Margin Report – PE’ is starting to tell a very sad story about polymer margins. The chart (above) shows that the ethylene margin, in yellow, has been falling steadily since the start of the year. The same is true for the HDPE margin, in blue. And the Report notes that if […]

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BASF – the oil and gas company

BASF Chairman Jürgen Hambrecht sounded confident last week, following their annual results. 2007 sales were €58bn (up 10% on 2006), and income from operations was €7.3bn (up 8%). However, Q4 saw sales up just 1.6% at €14.7bn, and income actually down 3.4% at €1.6bn. The main culprit in Q4 was chemicals. Sales were marginally down […]

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Polymer margins retreat

The new ICIS Weekly Margin report on polyethylene is a goldmine for those who want to track the fortunes of the petchem industry. The recent issue contains good news and bad news for producers: • The good news is that PE margins have improved during January for integrated producers as a result of lower feedstock […]

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