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Polymers demand slumps in Europe, China

ICIS news reports that polymer demand is falling sharply in two key markets, China and Europe. This is a bad omen for demand in other chemical markets, as polymers are closely tied to GDP growth. Linda Naylor reports that PE volumes in Europe may be down 7% in 2008. Meanwhile, John Richardson and Malini...

Posted to ICIS Blogs (Weblog) by Anonymous on 09-28-2008
China's growth slows

China's growth rate is slowing quite sharply. Exports to the US grew just 9% in H1 , half the 2007 rate. In addition, ICIS news has reported that China's important textile industry has seen a 25% decline in orders, whilst US polyethylene exports to China are also slowing. And the above chart...

Posted to ICIS Blogs (Weblog) by Anonymous on 08-24-2008
Paul Ray's excellent ICIS PE margin report provides plenty of food for thought this week. The chart above shows that European LDPE prices (the red line) have moved up quite sharply since June. But almost all of this improvement has been captured by cracker operators. Margins for integrated players...

Posted to ICIS Blogs (Weblog) by Anonymous on 08-02-2008

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