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Posted on April 14th, 2017 by Joseph Chang in Chemicals Industry News and Analysis
The visibility into the second leg of US petrochemical expansions is getting clearer. While many projects were shelved or in doubt amid the crude oil price decline in 2014-2015, the recent relative stability in oil coupled with a renewed sense of optimism on long-term global demand growth is spurring a new round of project announcements and activity. Continue reading “A clearer view into the second wave of US petchem projects” »
Posted on April 7th, 2017 by Joseph Chang in Chemicals Industry News and Analysis
It’s happening. The US cracker project wave is amplifying with Dow Chemical announcing the completion of its 1.5m tonne/year ethylene project in Freeport, Texas – the second new US cracker after the Occidental Chemical/Mexichem start-up in the first quarter of this year. Continue reading “Tempered optimism ahead of wave of US project start-ups” »
Posted on March 24th, 2017 by Joseph Chang in Chemicals Industry News and Analysis
After a buoyant start to the year, the global chemical market is due for a pause. The recent sharp decline in crude oil values has put a halt to the big run-up in many chemical and polymers prices. Continue reading “Volume proxy turns negative amid oil slump, US fed rate hike” »
Posted on March 3rd, 2017 by Joseph Chang in Chemicals Industry News and Analysis
US President Donald Trump’s first speech to the joint session of Congress revealed little detail to his platform policy issues, but sparked a big rally in the US equity market on continued hopes for business friendly changes along with a change in tone directed towards compromise.