benzene

Rising interest rates, volatile exchange rates, high oil prices and plastic waste challenge aromatics industry

Fears are rising about the risks of recession, as I discuss in a new one-page summary of the key issues facing the aromatics industry, ‘What does the future hold for Aromatics?‘.  Please click here to download it. These issues will also be key topics at next month’s 17th World Aromatics and Derivatives Conference, jointly organised with ICIS, […]

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Anti-pollution drive hits China’s role as global growth engine

China is no longer seeking ‘growth at any cost’, with global implications, as I describe in my latest post for the Financial Times, published on the BeyondBrics blog A pedestrian covers up against pollution in Beijing © Bloomberg China’s President Xi Jinping faced two existential threats to Communist party rule when he took office 5 […]

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Outlook for the global aromatics industry – insights from senior executives at Amsterdam Conference

Aromatics markets often lead petrochemical markets, and provide good insight into economic trends.  This has certainly been true of PTA (terephthalic acid) and benzene over the past year. PTA demand into polyester and PET is dominated by Asia: benzene’s wide variety of uses means it is a good proxy for industrial production in Europe.  Recent developments have been […]

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US markets see Happy Days again

New Year optimism over the economic outlook is breaking out all over the USA.   Weak employment numbers for December were ignored, as were weak data on housing markets.  Whilst prices for benzene, the blog’s favourite sentiment indicator, not only jumped to a record high but dragged European levels to an all-time record as well. Happy Days are clearly […]

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Benzene highlights rising risks in financial markets

The blog is busy preparing its presentations for its World Aromatics and Derivatives Conference later this month, co-organised as always with ICIS.  As well as looking at the impact of the transition to the New Normal, it will be investigating the current state of benzene markets.  These are always an excellent leading indicator for the global […]

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Shell, Bayer, Tullow to speak at World Aromatics conference

Next month’s World Aromatics and Derivatives Conference in Brussels has a range of top-name speakers discussing key issues for the markets. Co-organised as always with ICIS, it features: Shell:  Global strategy manager Herbert Le Lorrain will present Shell’s new scenarios for the future, ‘Mountains and Oceans’ Bayer MaterialScience: New procurement head Christian Buhse will provide his first impressions […]

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What goes up, comes down

Don’t panic is the blog’s suggestion, after last week’s market collapse.

Instead, the important thing is to plan for what might happen next. Scenario planning is absolutely critical to survival over coming months.

The blog’s advice is to assemble yo…

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The Downturn arrives

It is 5 months since the blog launched its IeC Downturn Alert, using prices from 29 April. It wrote then that:

“They don’t ring bells at market turning points. Otherwise, we could all retire to the Bahamas.”

But its argument was that a peak was li…

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Time for leadership at EPCA

The chemical industry has a turnover of $3.4trn, and is the world’s 3rd largest industry. It matters to the global economy.

Many of its leaders are about to meet next weekend in Berlin for the annual European Petrochemical Association (EPCA) meeting….

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