By John Richardson THERE are three things you need to know about today’s global chemicals markets: Oil prices are now retreating back to quite probably below $30/bbl, and so of course there will be a chemicals destocking process. But the good news, if you can call it that, is that the destocking process won’t be […]
Asian Chemical Connections
Chemicals Companies Risk Losing Market Muscle
By John Richardson IT used to be so easy. All you had to do was build a feedstock-advantage plant outside China and/or build a plant in China and demand would take care of itself. The reason was that China was on a roll from 2001 onwards thanks to its accession to the World Trade Organisation, […]
Global Petchem Markets Turn Bearish
By John Richardson EXCESSIVE inventory building down all the major petrochemical value chains is a global rather than just a Chinese problem, according to Paul Satchell – the UK-based chemicals analyst with global investment bank Canaccord Genuity in his latest Volume Proxy research note. “The Volume Proxy continues to decline, with the index now in clear […]
India Chems Look For Govt Support
By Malini Hariharan The Indian government is being asked to give a fresh boost to the chemicals industry in the 12th Five Year Plan beginning from 1 April. A working group for the chemicals industry has detailed key measures that the government must take to ensure growth of 12% during the plan period (2012-2017). Top […]
M&As – value creation or destruction?
By Malini Hariharan The current slowdown in M&As is perhaps for the best as according to a recent report by Alembic Global Advisors the chemical industry has a track record of value destroying M&A activity. The study, which looked at deals of over $500m since 1990, evaluated M&As on stock performance, return on capital, operating […]
The Chemical Industry Blame Game
Produce too little energy over the next 35 years, says the International Energy Agency in this article from the Guardian Weekly, and there will be price hikes and a financial crash; produce too much and the increased rate of global warming will also result in economic disaster. The rest of the article leaves you with […]
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