Entries from Asian Chemical Connections tagged with 'polyolefins'
Update 1: Reliance said to be offering $10-12bn
Reliance Industries - which is attempting to buy LyondellBasell - is offering $10-12bn, according to this report from Reuters quoting two sources with direct knowledge of the deal. This would be one of the biggest-ever acquisitions by an Indian company. In 2007,...
Reliance Bid For LyondellBasell Confirmed
Reliance Industries has made an offer for LyondellBasell says an official statement released yesterday on the LyondellBasell website: "LyondellBasell has received a preliminary non-binding offer from Reliance Industries Limited to acquire for cash a controlling interest in the company contemporaneously...
To Cut Rates Or Not To Cut...
A Famous Ditherer Source of picture: sarafinewordpress.com Chasing higher oil prices and/or a response to the now long-running recovery in Chinese demand that's become sustainable? Not wanting to sound too much like the start of a famous Shakespeare soliloquy,...
Challenges for chemicals trading in Q4
The views of two Singapore-based chemicals traders explain some of the fundamental shifts in production, logistics and demand since the economic crisis began. "I have done reasonable business this year and made quite good returns, but volumes are way down," said...
All At Stake And At Sea For October
A bit like the fund managers who are anxious to keep the equities rallies going until the end of the year in order to protect bonuses, there must be a lot of petrochemicals people hoping pricing in our sector...
How do Asian cracker operators compete?
Source of Picture: www.autospies.com Not an easy answer and not one much suited to a few paragraphs of blogging. But here's one thought as the competitive environment becomes a great deal more difficult due to new Middle East capacity...
The Philippines: Left With the Crumbs
"Here's your entire allocation for this month" Source of Picture: Adammakwright.wordpress In the words of a plastics converter from the Philippines: "Markets are so tight at the moment that we are left to pick up the crumbs. Suppliers are concentrating...
Excessive Confidence A Risk
Confidence along all the chemicals value chains is always a key issue because of the ability to aggressively manage inventories, according to the London-based chemicals analyst Paul Satchell. So there's the ever-present risk of sudden and very disruptive de-stocking....
China inventory sentiment survey
Peering through the fog On the theme of data again, in the ideal world it might be possible to send thousands of hardworking foot solders out into the field in China to chase down every warehouse of polymers and count...
Credit Expansion Linked To Dalian Boom?
Source of Picture: http://blogs.suntimes.com/ebert/ We have just started doing our research and so more details later - but see attached this Excel spreadsheet - lendingVDalianOI.xls It compares the increase in lending from China's banks with the amount of open...
Another Opinion: China and Recycling
Source of Picture: The Earth Institute at Columbia University I was speaking to a Singapore-based trader this morning over the reasons behind the polyolefin price rally. PPPEPrices2006-Aug09.ppt Here are his views: "A maor factor has been a lack of...
Asia Polyolefins: "Bloodbath" Postponed
Source of Picture : purchasing.com In his own words, here is how one contact describes the current situation with a couple of extra points added by yours truly (with links) "We've seen arbitrage close from Europe on polyolefins with...
Dalian LLDPE futures explained?
My last blog entry quoted a North American industry source who was concerned over the potential for physical delivery on the Dalian futures exchange to flood the real market and send prices crashing. In my ignorance of how futures markets...
Basell predicts tough times for polyolefins in 2009-10
Paul Cherry of Basell gave an excellent paper at the recent ICIS Olefins Conference - Download file Paul offers some hints on how to survive the next downturn, and provides some sobering predictions on operating rates. I bet that after...
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