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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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US-China Trade Dispute: Pause For Breath Does Not Mean End In Sight

By John Richardson

Confused? You might well be if you’ve read the news reports following the US-China trade meeting in Washington last week.

The immediate threat of a trade war looks as if it has been averted. China’s top envoy …

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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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Asian Polyolefins Profits To Test 2012 Lows As Global Economy Slows

By John Richardson

PETROCHEMICALS are a great barometer for economic growth as they are the raw materials for so many finished goods. So, if petrochemicals producers see their profits slip, this provides an early signal that something is wrong with …

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Iran Nuclear Decision Further Threat To US Polyethylene Exports

By John Richardson

DONALD TRUMP’S decision to pull out of the Iran nuclear deal, combined with the increasing likelihood of a US-China trade war, risks pushing the US polyethylene (PE) industry out in the cold.

The above chart illustrates the …

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Unavoidable US-China Trade War: Implications For Polyethylene

By John Richardson

A US-CHINA trade war has become much more likely following the negotiations that took place in Beijing last week. A compromise might of course still be struck, but the signs are not good.

If a trade war …

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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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Success And Failure In Polyolefins Redefined By Sustainability

By John Richardson

YOU DON’T have to be an oil and gas producer to be successful in polyolefins. Anyone with integration upstream as far as refining is in a strong commercial position.

It is also good enough to be integrated …

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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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