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James Ray is a Senior Consultant for ICIS. He can be reached at James.Ray@icis.com
George Martin is a Senior Consultant for ICIS. He can be reached at George.Martin@icis.com
Ronald Coifman is a Market Editor for ICIS. He can be reached at Ronald.Coifman@icis.com
Lane Kelley is a Market Editor for ICIS. He can be reached at Lane.Kelley@icis.com
Andrew Guy is a Market Editor for ICIS. He can be reached at Andrew.Guy@icis.com
Jessie Waldheim is a News Reporter for ICIS. She can be reached at Jessie.Waldheim@icis.com
Marianela Toledo is a Market Editor for ICIS. Hhe can be reached at Marianela.Toledo@icis.com
Tracy Dang is a Reporter for ICIS. She can be reached at Tracy.Dang@icis.com
“His crystal ball works so much better than everyone else's”
“The last time I met with Paul Hodges, chairman of International eChem (IeC) and an expert on the economic impact of demographics, he told me that deflation was coming; that we should all buy more gilts; and that if you held shares in Tesco you should dump them."
He was right on all those things. Last year he sent me a report he wrote saying the oil price was about to plummet. He saw it falling to $50 a barrel in the first half of this year. That, clearly, has happened already."
Spot gas prices in key east Asian markets have fallen below British wholesale levels for the first time since May 2010 amid a global oversupply, ICIS data shows.
On the same date last year, the EAX March 2015 price stood at $19.84/MMBtu with the British equivalent contract at $9.90/MMBtu.
The US polyolefin markets will be among the greatest benefactors of improved cracker and propane dehydrogenation (PDH) capacity in the coming years. ICIS editor Michelle Klump talks about how those future upstream supply additions are impacting current market trends.
Nel Weddle interviews John Dietrich and Brian Balboa on the US ethylene and benzene markets.
The US ethylene market is continuing to undergo a fundamental shift in production and feedstock toward ethane cracking, with at least a dozen new crackers set to be constructed in the US.
The capacity for US ethylene and derivatives will increase substantially between now and 2020, boosting the global footprint. The level of US plastics exports is expected to increase in line with capacity.
US producers will benefit from a cost advantage and relatively high margins until about 2017 when the flood of capacity comes on.
Published at the beginning of each month, the Global IPEX provides a capacity-weighted measure of the average change in petrochemical prices over time.