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.
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"The premise of whether lower or higher oil prices are better for chemical producers is still a point of debate."
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