Weakening Asian Polyethylene Demand Backs Up into the US
March 22, 2010
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.
Sunoco Polypropylene Good Deal for Braskem
February 1, 2010
Sunoco Announces Agreement To Sell Polypropylene Business | www.thestreet.com
Braskem hits the polypropylene market as demand and prices are rising. The price of $350 million is just about half of replacement cost.
January 26, 2010
Quattor acquisition does not alter US plans, says Braskem CEO | www.bnamericas.com
Braskem is now the largest polyethylene producer in the Americas. They have aggressive expansion plans that include purchasing US assets and new facilities in other Latin American countries.
January 25, 2010
Coke's New Bottle Is Part Plant | online.wsj.com
Coke's new plant-based PET still requires the production of the plastic. So here's an environmentally responsible measure that does not hurt PET.
More Ethylene Expansions in the Middle East – “A Seat at the Table”
January 7, 2010
Exxon signs petchem plant deal with Qatar | www.reuters.com
Now that it seems the glut of ethylene capacity coming on in the Middle East and China will fit nicely into growing markets, more expansions are being announced. We have seen this during every cycle in petrochemical markets – there are many preemptive capacity announcements. Not all of them will be built.
Caustic Soda in Asia – Classic Problem
January 4, 2010
OUTLOOK ‘10: Asia caustic soda sees greater price flexibility | www.icis.com
Uncertainty about basic markets affecting caustic soda in Asia, namely the Australian alumina market and PVC markets, have buyers trying to shift to more flexible contract terms for caustic soda from traditional six month fixed price contracts. A flat price versus a variable price is a classic hedging problem. Asian buyers and sellers now might have a hedging tool to address this problem.
What happens with ethylene capacity after 2012
December 7, 2009
Saudi poised to become global petrochem hub | www.tradearabia.com
Petrochemical growth in the Middle East over the next few years will be "substantial," to say the least. But where do petrochemicals go from there. While Middle Eastern source promise more growth in capacity through 2015, there are three reasons to wonder: First, where will the money come from; second, is there cheaper capacity that might be available; and, third, just what is the region's continuing competitive advantage in petrochemicals?
Give Flexible Packaging It's Due
October 15, 2009
Flexible packaging will return to growth in 2011 | www.europeanplasticsnews.com
Flexible packaging and convenience are converging at a staggering rate. Demands for greener packaging bodes well for flexible packaging as does the fact that there is no dominant supplier to the market. Seeking the path of least resistance by cannibalizing traditional packaging formats rather than waiting for better economic conditions is the fast track for flexible packaging.
Health Care Reform will not fly!
September 30, 2009
Fate of Government-Run Health Insurance May Rest in Obama's Hands | www.foxnews.com
Too much lobbyist money opposing any real reform. The insurance companies control.
Sabic’s Dismal Q2 Results Unlikely Representative of the Petrochemical Industry
July 20, 2009
UPDATE 1-Saudi Basic Industries' Q2 profit plummets on crisis | www.iii.co.uk
Sabic buys feedstocks at a low, fixed price, so falling prices mean falling EBITDA.Market conditions for Sabic in Q2 of 2008 were different that for other non-Middle Eastern producers.
Chesapeake Energy bites the natural gas bullet
January 25, 2012
Flurry of newbuild drilling rig deliveries in 2012 may dampen rig rates
January 20, 2012
Talisman joins the ranks of cautious E&P companies
January 12, 2012
Early signs of caution begin to cloud frontier exploration and production
January 4, 2012
It's too early in the game to write off Shtokman
December 8, 2011