Source of Picture : purchasing.com In his own words, here is how one contact describes the current situation with a couple of extra points added by yours truly (with links) “We’ve seen arbitrage close from Europe on polyolefins with no new business since April-May. Some material was delivered in June but this was merely May […]
Asian Chemical Connections
It’s about scaling down rather than up
One of the new skills being learnt in this current crisis is how to run plants efficiently at low operating rates. “It’s funny that for years now, we’ve worried about how to scale up profitably. Now industry is faced with just the opposite, how to scale down profitably,” says Mark Matzopoulos, chief operating officer at […]
Is it better to be right for not quite……
……all the right reasons than to be wrong altogether? Sounds a dumb question, perhaps – unless you take particular pride in being one of those know-it-alls. The point I am trying to make (and assuming that chemicals pricing doesn’t collapse beforehand on a broader retreat in crude and equites on maybe panic over swine flu […]
Lack of visibility makes planning a nightmare
Is it just me or is sentiment in chemicals markets even more erratic than usual? Only two weeks ago people were talking about an imminent supply glut in polypropylene, but now the talk is of tightness and stable prices. Perhaps those with more time on their hands have more time to talk. This lack of […]
“Now, I have this great idea”….
Bernard Madoff, Ponzi Scheme, financial meltdown, parting of the red sea,
The “Minsky moment” for petrochemicals
The Minsky moment, Paul Hodges, APIC, giant bubbles, the death of cycles
Obama’s impact on Asian petchems
The new energy New Deal, death of the Asian export model, new types of growth, bankers,
Even Middle East budgets are being cut
Middle East budget cuts, margin slide, financial meltdown, China demand, rising capital costs
Tainted food hits polymer sales
Cadbury, China civil unrest, financial meltdown, Tainted food
A drowning man will clutch onto anything
Peak Oil, Deutsche Bank, gas pricing, coal-o-chemicals, coal gasification, PetroRabigh, Saudi Aramco, Sumitomo Chemical
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