naphtha

Oil markets enter the endgame as car companies rush to electrify

Almost every day now sees a car company rushing to announce its plans to boost Electric Vehicle (EV) output. And key OPEC members – such as the UAE – are starting to recognise they have only a few years left to sell their oil, before the market disappears. Last May, the influential International Energy Agency

The post Oil markets enter the endgame as car companies rush to electrify appeared first on Chemicals and the Economy.

Oil markets enter the endgame as car companies rush to electrify Read More

Biden’s Earth Day Summit puts plastics recycling on the fast track

Plastics has long been the ‘odd one out’ in terms of recycling. Steel, aluminium, glass, cardboard, rubber and paper routinely have up to a 70% rate of recycling. But plastics has been stuck at around 10% for a long time. President Biden’s Earth Day Summit is likely to change this picture, and quickly. The reason

The post Biden’s Earth Day Summit puts plastics recycling on the fast track appeared first on Chemicals and the Economy.

Biden’s Earth Day Summit puts plastics recycling on the fast track Read More

US-China tariffs could lead to global Polyethylene price war

I was interviewed on Friday about the likely impact of President Trump’s trade wars on the global chemical industry by Will Beacham, deputy editor of ICIS Chemical Business. His interview is below. The introduction on Friday of trade tariffs by China and the US is the first step in a trade war that could turn into […]

The post US-China tariffs could lead to global Polyethylene price war appeared first on Chemicals & The Economy.

US-China tariffs could lead to global Polyethylene price war Read More

US ethylene prices near all-time lows as over-capacity arrives

US ethylene spot prices are tumbling as the major new shale gas expansions come on line, as the chart based on ICIS pricing data confirms: They began the year at $617/t, but have since more than halved to $270/t on Friday They are only around 10% higher than their all-time low of $240/t in September […]

The post US ethylene prices near all-time lows as over-capacity arrives appeared first on Chemicals & The Economy.

US ethylene prices near all-time lows as over-capacity arrives Read More

US polyethylene and PVC exporters focus on margin, not volume

2013 has seen 3 types of markets develop for the blog’s IeC Downturn Monitor portfolio as the chart above shows: Financial assets such as the S&P 500 (purple) have soared, as did the US$ against the yen (orange) Crude oil (blue) and naphtha (black) tried to follow, but found it difficult to pass though the higher prices Benzene (green) and […]

US polyethylene and PVC exporters focus on margin, not volume Read More

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…

What goes up, comes down Read More

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…

The Downturn arrives Read More

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….

Time for leadership at EPCA Read More