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Asian Chemical Connections

Short-term gain could equal long-term pain

In the depths of the Asian financial crisis an American industry executive said, “I don’t know why Korea has a petrochemical industry. It should be just shut down.” There were also widespread complaints over “soft” government-directed loans that supported Asian companies through the difficult times of 1997-98. How the tables have turned, according to another […]

I don’t want to gloat but I told you so….

It looks like olefins and aromatics prices are on the retreat in Asia as I predicted earlier this month. I only feel slightly smug because it seems obvious that naphtha was a big driver – and that markets were being talked up by producers desperate to recover monumental Q4 losses. There will be lots more […]

It’s tough at the top…….

It’s easy to take pot shots at the boss, and everyone of course feels they have been underpromoted and could do the job better themselves. Andrew Liveris is just the latest in a long line of CEOs to experience both envy – and at the moment perhaps a little pleasure at their failures. The gloating […]

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