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Polyethylene Margins Face Collapse On Overcapacity

By John Richardson

THE consensus view is that whilst global polyethylene (PE) margins have further to fall from their levels so far in 2018 (see the above chart), they will not get that much worse. It is thought that the …

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How Europe Can Move To Polyolefins Self-Sufficiency

By John Richardson

THE CONSENSUS assumption is that Europe will remain a major importer of polyolefins for the foreseeable future. Lack of feedstock advantage is said to be a reason why rising deficits will not be met by local production.…

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China Emerges As Winner In New Multipolar World

By John Richardson

TODAY’S headline should be written on your petrochemicals company boardroom wall, in several inch-high capital letters, and should then be used as the basis for a deep discussion about the consequences of this outcome for your business. …

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Electric Vehicles And The Collapse In Oil, Polymers Demand

 

By John Richardson

IN THE mid-1980s, AT&T hired a consultant to estimate the level of US mobile phone ownership by 2000. They estimated 900,000. The actual number was 109 million.

The petrochemicals and polymers industry is at risk of …

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China Aims To End Petrochemicals Imports

By John Richardson

CHINA HAS changed its strategy for the petrochemicals and polymers where it is in deficit. Previously, the government accepted China’s position as a major importer. Now the plan is to move into balanced or long positions with …

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Plastic Waste Crisis: Virgin Polymers Growth Will Be Below GDP

By John Richardson

AS the demand for transportation fuels declines, oil and refining companies are increasingly viewing petrochemicals as compensation for this lost demand.  Their logic is based on the theory that whilst gasoline and diesel consumption is set to …

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Asian Polyolefins Markets Still Indicate Economic Slowdown

By John Richardson

ANOTHER week has led to another fall in Asian polyethylene (PE) and polypropylene (PP) prices despite higher naphtha feedstock costs on stronger crude oil.

Pricing has been weak since the Lunar New Year Holidays, (15-21 February). Market …

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Plastic Rubbish Crisis: No More Business As Usual For Polymers

By John Richardson

DO NOT underestimate the ability of public opinion to reshape markets. That’s my first warning to any polymers industry executive out there who thinks future success will come from a business as usual approach.

Public anger at …

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Digitisation Will Transform Petchems As Plant Reliability Increases

Global volatility in pricing will also be greatly reduced as unexpected outages largely become a thing of the past

 

By John Richardson

EUROPEAN polyolefins have painful memories of 2016 because it was a year of major supply shortages.

Polyethylene …

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China Doubles Down On Pollution Clean-up: Consequences For Chemicals

By John Richardson

ECONOMIC GROWTH for the sake of economic growth was for so many years the No1 priority in China. It is hardly surprising, therefore, that there is a legacy of major environmental problems.

These include some 1.6m premature …

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