By John Richardson THE higher that oil prices go the more the US petrochemical industry's margins have expanded. Petrochemical prices are oil-driven and, therefore, have to go higher as crude becomes more expensive, whereas the cost of shale gas-based ethane...
By John Richardson MUCH excitement heralded the announcement that February inflation in China had fallen to a 20-month low of 3.2 percent - well within the government's annualised target of 4 percent. This led to the belief that the government would...
By Malini Hariharan Yesterday's post talked about refining capacity additions in China and India over the next few of years and how this will contribute to weak refining margins across the region. The blog obtained a preview of a presentation...
By Malini Hariharan China is well set to take on an even larger role in the global methanol industry. The country already accounts for a little over 40% of demand and its share is set to expand rapidly in the...
Let's catch the bus from now on.... Source of picture: hybridcars.com By John Richardson THE blog has long been worried about the difficulty, probably the impossibility, of accurately measuring real Chinese growth. And it gets harder as the country...
By Malini Hariharan Asian aromatics markets are getting increasingly hard to read not merely because of volatile crude prices. Demand, usually strong at this time of the year, has so far failed to materialise. The US gasoline season has...
"Any Old Iron?" Source of picture: http://www.investorfsbo.com/refinery.html By John Richardson A LONG-TERM shift in refinery economics is posing a major threat to petrochemical margins - along with the delayed supply crisis that's likely to hit the industry at some...
Source of picture: wartakota.co.id WESTERNERS can often by unbelievably patronising about Asia's efforts to climb up the economic self-sufficiency ladder. "South Korea has no business being in petrochemicals," said a very annoying US industry executive many...
divine intervention, gasoline, the power of prayer, upsize,
The mood at the recent NPRA International Petrochemical Conference in San Antonio, Texas, was mixed, despite all the economic gloom. Some producers said they were still making money - especially those selling into manufacturing sectors benefiting from a rise in...
See below for an extended analysis of why everything is about to go wrong. Looking forward to picking up some bargain chemical shares over the next two years and some cheap US and UK property! As the Asian head of...
Quota cheating, lack of investment in oil infrastructure and incredibly low domestic gasoline and other oil-product prices mean that Iran could be forced to exit oil export markets by as early as 2015, according to Roger Stern of John Hopkins...
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