Archive | India RSS feed for this section

US styrene another petchems sector at risk from trade war

By John Richardson

THE US decision to pick a fight with China over trade and geopolitical influence could backfire very badly from the perspective of new US investments in petrochemicals capacity – most notably polyethylene (PE) and ethylene glycols (EG).…

Continue Reading

Middle East, India, SEA petchems winners in new trading blocs

By John Richardson

JACK MA, the founder of Alibaba, said of the US/China trade war, “It’s going to last a long time, maybe 20 years. It’s going to be a mess. It’s not a trade war, it’s about competition between …

Continue Reading

How Lehman Bros reshaped China and the global PE business

By John Richardson

MOST of the analysis on the tenth anniversary of the Global Financial Crisis (GFC) focuses on the effects on Western economies and societies. Economic inequality has risen since 2008 resulting in the rise of populist politics, is …

Continue Reading

US ethylene glycols: The Cost Of Exclusion From China

By John Richardson

IF THE US were unable to export ethylene glycols (EG) to China the economic logic of US capacity expansions would face major challenges.

Between 2018 and 2025, China will account for no less than 84% of global …

Continue Reading

US Economic Strength Of Little Benefit To Global Polyolefins

By John Richardson

THE BETTER that things get in the US (provided you own equities and are not on a zero-hours contract) the worse things become in emerging markets.

Despite a weaker greenback on a trade-weighted basis, the investor sell-off …

Continue Reading

PE Margins Fall As Trade War Threatens Two Entirely Separate Trading Blocks

By John Richardson

LET’S FIRST of all take a close look at what the above chart is telling us about the damage already done to polyethylene (PE) margins before considering what could happen next.

US high-density PE (HDPE) margins are …

Continue Reading

Chinese PE Tariffs Come Into Effect: The Impact On The Global Business

By John Richardson

CHINA’S 25% import tariffs on all grades of US high-density polyethylene (HDPE) and 93% of the grades of linear-low density (LLDPE), which came into effect yesterday, look set to cause major damage to the global PE business. …

Continue Reading

Plastics Rubbish Crisis: How To Pick The Winning Polymer Producers

By John Richardson

IT IS FIVE years from now. You are rich because you live in the developed world. It is first thing in the morning. You take your rubbish (or trash as the Americans say) into you backyard and …

Continue Reading

US Risks Losing Access To 82% Of Global PE Consumption Growth, 80% Of Exports

By John Richardson

PERHAPS this week’s low-level trade talks between the US and China shouldn’t only be judged on the basis that they are low level, involving officials of mid-level seniority who are therefore not empowered to achieve major breakthroughs.…

Continue Reading

Turkey Crisis: Implications For Polyolefins And Global Economy

By John Richardson

THE first ramification of the Turkey crisis is that the collapse of the lira raises questions over how Turkish importers will be able to afford the dollars to pay for some of the polyolefins imported since the …

Continue Reading