Asian Chemical Connections
The last month-and-half has been very good in China for at least one polyolefins trader and one producer after what, on the whole, was a very disappointing 2012.
"I thought there would be a mini-rebound in pricing in early November, and I was correct," said a Singapore-based trader. "Prices then retreated slightly before a stronger rally began in late November."
A source with one global polyolefins producer also reported that, volume-wise, his company enjoyed a very good fourth quarter.
INSIGHT: Economy, politics, friendship and security blended in oil
"Iran believes it can raise oil production by 1m bbl/day in the short term, and increase production even further."
VIDEO: ICIS Special Report - US olefins and polymers