GLG News by Ethylene Crackers Experts

Paul HodgesChairmanInternational eChem

Chemical Company Outlook for 2011 -13

October 24, 2010

The chemical industry has had a good year, even though Operating Rates globally have remained sunk at 2003 levels. This may continue, but an additional element of uncertainty has been added by the recent outbreak of 'currency wars' between the West and the BRICs. A Scenario approach therefore seems sensible for investors, as they seek to forecast 2011 performance.

Paul HodgesChairmanInternational eChem

Chemical company margins benefit from feedstock shortages

September 27, 2010

2010 has seen major changes taking place in the relative price and availability of the main petrochemical ‘building block’ products. These changes are being driven by the wider changes taking place in the economy and society, as we move to a ‘New Normal’ world characterised by less debt, lower consumption, more recycling and slower growth.

Kevin BoyleConsultantKEVIN L BOYLE

Implications on Petrochemicals of Iran's Gasoline Supply

September 21, 2010

Analysis of:Iran sharply cuts petchem exports, reconsiders gasoline imports | www.zawya.com

Iran switched its petrochemical facilities over to produce gasoline. With operating rates in the Middle East hovering quite low, this might sound like good news. At best, the scheme just adds uncertainty to petrochemical markets.

Paul HodgesChairmanInternational eChem

Crude oil markets are in the grip of a speculative mania

August 11, 2010

Crude oil markets are in the grip of a speculative mania. Players are simply ignoring increasingly negative fundamentals, such as supply/demand balances. But before too long, this over-bullish sentiment will have to re-connect with fundamentals. At that point, users will be left to pick up the pieces, as the financial players panic and rush for the exits.

Paul HodgesChairmanInternational eChem

The chemical earnings cycle hits its peak

August 3, 2010

The best view is always from the top of the mountain. And that's how it feels today in the chemical industry, with the current earnings season showing a robust recovery versus H1 2009. The industry has benefited from the last of the stimulus spending around the world, whilst seasonal influences were also positive. But momentum seems to have been fading in recent weeks, and inventories have been building, whilst producers have increasingly struggled to pass through oil-related price increases..

Paul HodgesChairmanInternational eChem

Chemical companies may face diffiuclt Q3, after McBride's profit warning

June 27, 2010

Retail trends can tell us a lot about future profits and revenues in the chemical sector. McBride's profit warning on Thursday suggests Q3 is going to be a difficult period for both.

Paul HodgesChairmanInternational eChem

Dow Chemical's new Vision focuses on Performance and Market-Driven businesses

May 17, 2010

Analysis of:Dow Chemical to focus on performance businesses | www.icis.com

Dow Chemical became the world's second largest chemical company via a focus on Basic petrochemical and polymer products. Now, in a further sign of the changing strategic thinking that led to the Rohm & Haas acquisition, it is shifting its focus to the Performance and Market-Driven businesses. Its new Vision highlights its aim to be ‘science-driven’ in future.

Paul HodgesChairmanInternational eChem

Chemical companies see upturn, but not yet a sustained recovery ahead

May 3, 2010

The chemical industry is a well-known leading indicator for the world economy. Yet 18 months after the financial crisis began, my regular review of company's quarterly results reveals few signs of optimism that a sustained upturn is underway.

Paul HodgesChairmanInternational eChem

Propylene and butadiene prices rise above ethylene in Europe

March 27, 2010

The arrival of the new ethane-based crackers in the Middle East is starting to have its anticipated impact on olefin markets. This week, for the first time ever, European contract prices for propylene and butadiene were settled higher than ethylene. This is the first sign of the major impact that this new capacity will have on world markets, as demand growth continues to disappoint.

Kevin BoyleConsultantKEVIN L BOYLE

Weakening Asian Polyethylene Demand Backs Up into the US

March 22, 2010

Analysis of:Excess stocks in China weighing down sentiment in global PE markets | news.alibaba.com

Chinese traders are re-exporting imported polyethylene to pull down inventories and adjust to weaker demand. This has pulled down prices in Asian and may hinder US exports to the region.

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