Home Blogs Asian Chemical Connections

Asian Chemical Connections

The search for more basic petrochemicals

Very interesting speech from Alan Kirkley, Vice President of Strategy and Portfolio for Shell Chemicals, which first of all goes over the predictable ground of where we are in the cycle and the threat from the Middle East. However, he then makes the valid point – which I made earlier this week – that the […]

Here we go again – 1997 is back…..

I sincerely hope not, but all the signs are there because of: *A financial crisis which nobody again saw coming, this time with global implications *What could prove to be too much spending on new equipment and capacity. This time high equity prices have paid for these investments rather than US dollar-denominated bank loans, as […]

Methanol – a Dickens of a good or bad tale

Methanol producers have been enjoying the best of times, but to paraphrase good old Charles Dickens, they may not necessarily be heading for the worst of times. There is a staggering amount of capacity due on stream by 2012. By that year, global capacity will stand at 66m tonne/year according to Mark Berggren of consultancy, […]

The global credit crisis is going to last

The collective sigh of relief was almost audible late last week when the Fed cut its discount rate – the rate banks charge each other for lending. Action from other central banks, including the European Central Bank, could follow this week. Analysts also rate the likelihood of the Fed cutting its formal interest rate at […]

Construction crisis? What crisis? China leads the way

As the Middle East struggles to find labour and raw material supply with contractors’ order books bursting at the seams, the Chinese seem to have no difficulty in executing their projects. See below for detailed analysis of what’s happening with the current wave of Chinese crackers. Suffice to say here that nearly all of China’s […]

The fallout for petrochemicals from Iraq

As everyone focuses on when the next downturn might arrive, macro issues such as the implications of a likely US withdrawal from Iraq are rarely publicly discussed. But if I were on the board of any company making investment decisions, I’d be worried. If the US withdrawal from Iraq is well managed then fears such […]

Is this the death of cycles?

Quite possibly, yes, despite my instinctiive pessimism. Perhaps emerging markets such as China and India have reached such a critical mass that no matter how much capacity is brought on stream, it will be easily absorbed. Or maybe some disaster lies just around the corner. Who cares if you’ve made your money in the most […]

Jump to page: