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 Michael D. Smith

Author: Mike Created: 12/7/2007 12:03 PM
Mike's blog

Polypropylene trade flows are in for a big change
By Michael Smith on 2/25/2008 5:08 PM

Up until now, polypropylene imports from the Middle East have not been really significant, averaging only 10 thousand metric tons per month, of which almost all is homopolymer.

 

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Forecasting is very difficult... Particularly of the future
By Michael Smith on 12/18/2007 7:49 AM

2008 promises to be an exciting year for the polyethylene business in Europe and now is an opportune moment to look at some of the key drivers expected to impact the market in the coming year.

How will the following drivers impact your business?  What is your outlook?

1. Economy:  The worldwide economy is expected to growth 3% in 2008 with only a 33% chance of recession emanating from the United States. West European GDP will grow 2.1%.

2. Oil/Naphtha:  Oil and naphtha will continue to be volatile.  Our strategic energy consulting partner Purvin & Gertz predicts oil prices in the high 80 $/bbl range in the 1st half of the year and the low 80’s after mid-summer.

3. Exchange rate:  The EURO will remain firm at an average 1.44 $/EURO.

4. Ethylene:  Europe has recently added 500 kta of new ethylene capacity by de-bo ...

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Greetings from Mike at CMAI
By Michael Smith on 12/11/2007 4:11 PM

Hi, my name is Mike Smith and I am the Director of Polyolefin Studies for Europe, Middle East and Africa at CMAI's Germany office in Düsseldorf.  I recently had the opportunity to share CMAI's views regarding developments and challenges in the polyolefins industry for the coming exciting years during a Webinar that Alastian organised.  During the Webinar I received a lot of interesting questions from the participating plastics processors and clients of Alastian. It would be great to receive more challenging views and ideas from you via this Blog.  So, let's start a dialog!  And if you don't know who or what CMAI is, please visit our website at www.cmaiglobal.com or send me an e-mail at mdsmith@cmaiglobal.com

&n ...

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