Entries from Asian Chemical Connections tagged with 'Kuwait'
Middle East-China MEG Exports Surge
By John Richardson MONO-ETHYLENE glycol (MEG) exports to China rose to 4.12m tonnes in the first half of this year from 3.38m tonnes during the same period in 2011, according to data from Global Trade Information Services (GTIS). The main...
Don't Underestimate The Middle East
Source of picture: Wikimedia Commons By John Richardson THE theme of last week's Gulf Petrochemicals and Chemicals Association (GPCA) conference in Dubai was "Moving Downstream, Creating Added Value and Sustainable Growth". There is a huge effort underway in...
Living In Hope Rather Than Expectation
By John Richardson HOPEFUL theories espoused by traders can sometimes sound a little hollow - as was the case with the one doing the rounds in Asian polyolefin markets late last week. "We think the latest interest rate rise in China...
European PE, PP below Euros1,000/tonne
By John Richardson JOURNALISTS are often accused of exaggeration for the sake a good story, but it is genuinely no exaggeration to say that markets are in free-fall. Last week we reported on how European polyolefin pricing was on a...
Saudi Crackers Could Soon Be At 100%
By John Richardson SAUDI ARABIA'S crackers could soon be running at operating rates of 100% again following widespread reports quoting the al-Hayat newspaper that the country's crude production is set to rise to 10m barrels a day in July. Al-Hayat, a...
Saudi Petchem Output Increase
By John Richardson YESTERDAY'S fractious OPEC meeting - where members were unable to agree on a proposal by the four biggest members to raise output - may not necessarily be good news for petrochemicals. For a long time the...
Scenarios For China Refining & Petchem Output
By John Richardson IF exploration and production (E&P) is the dog and refining the tail on the dog, poor old petrochemicals is merely a flee on the tail of the dog, goes the old saying. Hence last November we...
China Remains Weak On Government Tightening
By John Richardson CHINA'S polyethylene (PE) market - a reasonable proxy we often use for the chemicals and polymer industries as a whole - remains worryingly weak, according to several traders and producers interviewed by the blog this week. Modest...
Chinese MEG Demand Up By 2m tonnes This Year
By Malini Hariharan Global monoethylene glycol (MEG) markets are likely to remain robust in 2011, supported by strong demand from China and a lack of new capacity additions, a top executive from MEGlobal told the blog at the 5th Gulf...
Diminishing Returns From Middle East Projects
Downtown Riyadh By John Richardson As my fellow blogger Malini Hariharan wrote last week "the projects environment in the Middle East has irrevocably changed" and with it the rather glib and outdated assumption still being frequently made...
It's tough at the top.......
It's easy to take pot shots at the boss, and everyone of course feels they have been underpromoted and could do the job better themselves. Andrew Liveris is just the latest in a long line of CEOs to experience...
It's fun to be miserable....
LyondellBasell, Woody Allen, Dow Chemical, PIC, K-Dow, Kuwait, financial meltdown, carbon footprint,
Where does Dow/PIC go from here in Asia?
What Andrew Liveris didn't address when interviewed over the Dow/PIC deal is what the $19bn olefins and polymers deal could mean for Asia, the Middle East and commodities. All the talk was of specialities with speculation sure to be rife...
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