Tag Archives | polymers

Hope is not a strategy

Chemical companies face difficult times if they cling to the hope that current challenges will simply disappear.  This is my main concern in a new analysis for ICIS Chemical Business. It argues that major change is underway in petrochemicals and polymers markets, which will create winners and losers. The current round of major capacity expansions has been based on two […]

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US polypropylene imports rise as China aims for self-sufficiency

Difficult times lie ahead for global polymer markets, as I note in a new analysis for ICIS Chemical Business. In the short-term it is clear that downstream users have, once again, been busy building stock in recent weeks as the oil price rose. But now, finance directors are getting calls from their bankers asking about […]

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China’s G20 shutdowns will impact global economy

Imagine your government decided to shutdown most of the industry in two major cities for 2 weeks or more?  Say Detroit and Chicago in the US, or Milan and Turin in Italy, or Leeds and Manchester in the UK.  Now you will have some idea of the scale of the shutdowns being mandated in China […]

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China PP May16

Clouds gather over global polymer markets as China imports drop

Difficult times lie ahead for global polymer markets.  It would be bad enough that downstream users have been busy building stock in recent weeks as the oil price rose, as Linda Naylor reports on polypropylene (PP) for ICIS: “PP demand is slow, slower than many expected, and the strong growth of recent months is now […]

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China power demand surge ends as Old Normal economy slows

The decline in China’s electricity consumption growth highlights the remarkable slowdown underway in its Old Normal economy, as the chart shows: Consumption growth took off in 2009 under the influence of the stimulus programme It rose 6.5% in 2009, and then accelerated further in 2010 when it was up 14.7% 2011 growth stayed at double-digit […]

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Europe can win despite age trends

We all know that Europe has an ageing population.  Germany and Italy, for example, have median ages of 45 years.  And fertility rates have been below replacement levels for 45 years, so the relative number of higher-spending young people is reducing.  Instead, there are more and more older people, as life expectancy at age 65 […]

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3D printing to move manufacturing closer to the customer

15 years ago, it was fashionable to dismiss eBusiness as a fairy story.  I remember those days well, as I had just raised $25m from major companies to fund its development in the chemical industry.  Today, of course, eBusiness is everywhere.  Nobody would dream of shaking their heads and dismissing the whole concept, as many did pre-2000. Which takes […]

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India toilets Jul14

Indian Oil join campaign to build toilets in India

The blog is delighted to be able to congratulate Indian Oil (IOC) on becoming the first company to commit to building toilets in India.  In response to Premier Modi’s appeal, the chairman of India’s bggest refiner, B. Ashok, last week personally began to build toilets at a school near its refinery in Mathura in Uttar Pradesh state. IOC have […]

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Turkish plastics markets see imports fall for first time since 2008

Turkey is the blog’s “go-to” market when it wants to confirm trends in global markets.  The reason is that Turkey has a very successful downstream industry, but has failed to invest in upstream capacity.  This means it is essentially an opportunistic market from a sellers’ viewpoint. During good times, exporters will only divert product from […]

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Polymer markets at risk if China’s ‘collateral trade’ unwinds

Global metal markets are at growing risk from developments in China’s ‘collateral trade’, as yesterday’s post highlighted.  Worryingly, so are products such as polyethylene and ethylene glycol, as it seems likely these have also been used as collateral more recently.  This will be bad news for producers already suffering from slowing demand: China’s economy continues to weaken as the […]

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