Tag Archives | polymers

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Asia’s olefin margins weaken vs Europe, USA

The ICIS weekly margin reports continue to provide essential reading for anyone in the petrochemical value chain. The above chart is particularly fascinating, as it highlights the significant differences between cracker margins on a regional basis over the past 2 years: • Europe (red column) is the clear winner over the period. Its margin bottomed […]

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Petrobras moves forward on green polymers

The blog was very pleased to talk recently to Business News Americas about developments in Latin America. Please click here if you would like to read the full interview. It highlights the key role being played by Brazil’s Petrobras, particularly in the development of ‘green polymers’. These are still very small in volume, compared to […]

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August highlights

Many readers have been taking a well-deserved break over the past few weeks. As usual, therefore, the blog is highlighting key posts during August, to help you catch up as you return to the office. August has been surprisingly busy: Force Majeure reports show worrying increase highlighted the worrying rise in force majeures, which may […]

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Kerbside recycling of PET bottles “no better than landfill” in reducing carbon emissions

Recycling may not be reducing carbon emissions as much as had been hoped. This seems to be the finding of an interesting new report from consultants SRI on recycling of PET bottles. It looks at the benefits of recycling 1.5 litre carbonated beverage bottles made from PET (polyethylene terephthalate). Stricter legislation has led to many […]

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Interpreting trader talk

Current financial and chemical market volatility is a bonanza for good traders, as it gives them more opportunity to take positions, up or down. However, having traded on behalf of a chemical major in Houston, Texas, the blog knows from personal experience that not all traders get all their positions right, all of the time. […]

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Global power shift to the East a “half-truth”

An interesting opinion piece in today’s China Daily suggests the concept that “the next few years will see a dramatic acceleration in the shift of global economic powers eastward” is “at best, a half-truth“. Yu Zhongwen notes that this theory has gained ground in recent years, as the media have speculated that “with a combined […]

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White Paper downloads reach 7000

The blog is delighted by the interest being shown in its White Paper ‘Budgeting for a New Normal’ and the recent Mid-Year Update. Almost 7000 copies have now been downloaded. Discussions are also underway with ICIS about producing a new White Paper in Q4, to accompany the blog’s annual Budget Outlook post in October. If […]

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Honam’s Malaysia buy opens SEA market share battle

Over-capacity is going to be a major issue for the petchem industry over the next few years. Asian producers, in particular, are likely to be worst impacted. The reason is that they have relied on exports to China taking up to 50% of their production. But now China’s own production is ramping up, reducing the […]

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Petchem supply/demand enters the New Normal

The blog’s major series this week has focused on the changes that seem to be taking place in markets for the petchem ‘building block’ products, particularly ethylene, propylene, benzene and paraxylene. These changes in relative price and availability are of vital importance to a wide range of downstream chemical products. They may well prove to […]

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A Year of Two Halves

Two months ago, on 8 May, the blog suggested that ‘Sell in May and Go Away” was likely to prove good advice this year. Since then, most major stock markets have fallen dramatically, with the S&P 500 down by 9%. The proximate cause of the blog’s pessimism then was the onset of the Greek/eurozone crisis. […]

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