GLG News by Titanium Dioxide Experts

Stuart GoldsteinOil & Gas Exploration & Production E&P ConsultantStuart Goldstein

Heritage Oil Announces Discovery of a Major Gas Field in Kurdistan, Iraq

January 30, 2011

Analysis of:Heritage finds Iraq giant | www.upstreamonline.com

Following completion and testing of the Miran West-2 well, a major gas discovery in the Kurdistan Region of Iraq, Heritage Oil estimates the Miran West structure has P90-P50 gross in-place gas volumes of between 6.8-9.1 trillion cubic feet (TCF) with 42-71 MMbbls of condensate and 53-75 MMbbls of oil.The well results have confirmed three additional pay zones within Lower Cretaceous and Jurassic formations, in addition to the pay zone identified in the Upper Cretaceous in the Miran West-1 well.

Dave HillmanIndependent ConsultantDave Hillman

Rock-Tenn Buying Smurfit-Stone: what a huge chunk to digest!

January 25, 2011

Smurfit-Stone had 14 pulp and paper mills (2 in Canada) at this time last year and 124 box plants. They had, since 2006 closed 26 others. The US market has far too many box plants with some running only at 33% capacity, others at only 50-60%. A couple of the pulp mills are small but for the most part the 14 mills are good sized and versatile. The carton business will grow as the US economy improves but we still have too many box plants. IP had more than 60 and then acquired Weyco's 83.

David McCoyDirectorTZ Minerals International Pty Ltd

China`s relieves stress in tight TiO2 markets

January 25, 2011

Without China, TiO2 consumers would have been in serious trouble in 2010. By increasing exports from 132,000 tonnes in 2009 to 298,000 tonnes in 2010, China provided the market with much needed TiO2 in times where Western producers could not keep up with recovering demand.

David McCoyDirectorTZ Minerals International Pty Ltd

Independent Titanium Dioxide Price Forecast Expects Continued Growth in 2011

January 25, 2011

The global TiO2 sector ended 2010 on a strong note, with price increases flowing through into the marketplace and a further round of increases already announced for implementation in Q1 2011. While it may appear to many outsiders this near-term run up in pricing may seem sharp, in fact the sector is only just approaching a sustainable level of profitability following a long-term real decline in pricing since the previous significant upswing in the late 1980s. 

Dave HillmanIndependent ConsultantDave Hillman

Nine Dragons, Lee&Man Expansions: A Valuable Leading Indicator?

January 17, 2011

China expects to start up 5.3 million mt/year in 2011, 880,000 mt in the 1Q out of a total 6.6 million buildup for all of Asia....this according to a RISI economist. Nine Dragons will start up 2 new board machines - 700,000mt/year. This expansion will continue to put upward pressure on OCC purchases and prices ( up $15/mt from Nov/Dec) . 64% of all US exports went to China. Obviously future demand (export plus domestic) justifies this. Beijing wants to see domestic demand above 30%.

Dave HillmanIndependent ConsultantDave Hillman

Rayonier Drops Fluff Pulp In Favor of Specialty Dissolving Pulps

January 17, 2011

This is as strategic move that will substantially effect their P&L. Replacing $950-1040/admt Fluff with $1500-2200/admt high purity (high Alpha) specialty dissolving pulp is painfull for Rayonier's Fluff Pulp customers but a boon to their hard-pressed dissolving pulp customers who have been on strict allocation for two years.Now, will Buckeye follow suit with this same strategy? Time will tell.Most of the other DP mills are producing lower Alpha commodity pulps for rayon.

Paul HodgesChairmanInternational eChem

INEOS plans refining/technology JVs with PetroChina

January 11, 2011

INEOS have announced a major deal with PetroChina. It involves Joint Ventures in refining and oil/oil product trading, with a separate agreement on refining/petrochemical technology exchange. From an INEOS viewpoint, this enables it to consolidate its geographic footprint outside W Europe/USA, and leverage its technology in China.

Dave HillmanIndependent ConsultantDave Hillman

Thermal Imaging: Koehler's "on/off again" US mill is now back burner

January 6, 2011

Koehler is the world's largest Thermal Imaging paper producer and ships 45-50,000mt annually to the US where they are #2 to Appleton. In 2007 it was rumored they would buy the shut Kimberly, WI mill. Next they considered buying base stock and coating it. Then they considered a greenfield pulp/paper mill in SC. Now that has been postponed. Prices increased 3 times in 2010 and will likely go up again this month. Prices are 9% higher than a year ago. Shipping costs must be absorbed.

Paul HodgesChairmanInternational eChem

Chemical industry faces great uncertainty in 2011

January 4, 2011

2010 was a better year than many had expected in the chemical industry. But demand remained low in many key markets, and operating rates ended the year well below the normal levels of the past 20 years at just 86%. Current uncertainties over likely demand levels in China, Europe and even the USA, combined with the major demographic changes now underway, suggest that Scenario Planning is therefore likely to come back into favour with investors during 2011.

Dave HillmanIndependent ConsultantDave Hillman

Commodity Paper Prices Are Up-And-Down

December 28, 2010

Containerboard is in good balance and an early-2011 price increase is likely. 2010 saw 2 prices increases in January and April but then box makers got a respite.Newsprint prices are up to the break-even/small profit area but future price increases may be hard to come by since there is so much overcapacity.NewPage has had to rescind its announced $20-50/st Jan.price increase on both Uncoated and Coated Freesheet grades.CRB and URB producers had announced 4Q increases but must now wait until Jan.

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