Tag Archives | petrochemicals

Nova Chems Company Of The Year

By Nigel Davis

The ICIS Company of the year award goes to NOVA Chemicals, a company that has risen phoenix-like from near bankruptcy to produce a healthy set of financial results in 2011.

Underlying its performance is the backing of …

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Failure Of Central Bankers

Source of graph: Reuters

 

By John Richardson

THE Federal Reserve has got it badly wrong, and could compound its mistake by launching a third round of quantitative easing (QE3), warns Ruchir Sharma, head of emerging markets and global macro …

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KPMG Warns Of US Overcapacity

 

By John Richardson

A management consultancy has gone on the record to warn about what the blog has been warning about for months: That the US petrochemicals industry is in danger of pushing itself into oversupply.

KPMG, in a …

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Global Economy Loses Suspension

By John Richardson

ISN’T it interesting how when you talk to someone involved in a petrochemicals project, either publicly or privately, their project is very often sufficiently to the left of the cost curve to gain a winning advantage over competitors?

Discussions …

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Feedstock Assumptions A Risk

By John Richardson

THE feedstock landscape can change very rapidly as the shale-gas revolution amply demonstrates.

But the assumption, right now, is that the landscape will not undergo any further radical changes. As a result, as much as 7.65m tonne/year …

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China To Grow at 3 Percent

By John Richardson

THE possibility that China’s economy may not expand as rapidly in the future as in the past is never discussed in public by resources-company CEOs, said an Australian-based stockbroker.

His comments ring true for petrochemicals, also. The …

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Polyolefins And China Real Estate

 

By John Richardson

SOME polyolefin companies continue to present an optimistic picture of markets to investors.

They point to positive factors such as renewed economic stimulus in China and a recovery in auto production in Thailand following last year’s …

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Costly Oil Hurts US Industry

 

By John Richardson 

THE higher that oil prices go the more the US petrochemical industry’s margins have expanded.

Petrochemical prices are oil-driven and, therefore, have to go higher as crude becomes more expensive, whereas the cost of shale gas-based ethane …

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Europe Markets Lure Asian Polyolefins

By John Richardson

EXACTLY the same scenario is playing out in European polyolefin markets, as in Latin America and possibly the US, my ICIS colleague Linda Naylor reported last Friday.

High polyethylene (PE) and polypropylene (PP) prices in Europe have …

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Investors Predict Strong Petchems Rebound

By John Richardson

POLYETHYLENE (PE) inventory levels are thought to be so low at the converter end of the business in China that a case is being made for a strong recovery in demand and pricing post-Lunar New Year.

A …

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