2013-01-30 08:40:01 - New Energy market report from Business Monitor International: "United Kingdom Petrochemicals Report Q1 2013"

The Q113 UK petrochemicals report examines recent trends in the British chemicals and petrochemicals industries and assesses whether producers will retain a competitive edge amid the continuing economic gloom. The report examines the effects of the eurozone crisis coupled with increased competition from Asia and the Middle East, opening the way for the UK to be increasingly import dependent in any future economic recovery. Furthermore, BMI analyses the growth and risk management strategies being employed by the leading players in the sector, as they respond to capacity cuts in refining and volatility in naphtha feedstock supply.


Full Report Details at
- www.fastmr.com/prod/529343_united_kingdom_petrochemicals_report_ ..


With surplus capacity likely to be a feature across Europe in 2013, the UK's competitiveness will determine the size

of contraction; BMI envisages a decline in competitiveness in the labour force as well as a steady appreciation of the pound sterling against the euro. The UK is heavily exposed via financial and trade channels; a failure to stem the crisis would drive the economy back into recession. Given the high degree of financial and trade interdependency with the eurozone, a failure among European politicians to resolve the debt crisis could lead to contraction in British chemicals markets.

BMI has revised the following forecasts/views:

* A collapse in the eurozone could wipe out any advantage in weakening naphtha feedstock prices, thereby hitting producers' bottom lines. Moreover, with upstream markets facing uncertainty and cracker margins still at historical lows despite the decline in naphtha prices, British producers are likely to be sceptical of any talk of a sustainable downtrend in feedstock costs.
* The UK scores 72.0 points in BMI's latest Western Europe Petrochemicals risk/rewards ratings (RRRs), unchanged from the previous quarter. However, it has fallen from fourth to fifth place, overtaken by Belgium which has seen an improvement in its country risk ratings. As a result, it has fallen 0.5 points behind Belgium and is 5.3 points ahead of Spain.
* BMI estimates that British chemicals output declined 7-8% in 2012, with the situation likely to stabilise in 2013 as the recovery feeds through to growth. However, the strength of demand will depend on both domestic manufacturing performance and external competitiveness against the Eurozone.

Report Table of Contents:

SWOT Analysis
- UK Petrochemicals SWOT
- UK Political SWOT
- UK Economic SWOT
- UK Business Environment SWOT
Global Petrochemicals Overview
Global Oil Products Price Outlook
- Table: BMI's Refined Products Forecasts, 2010-2016
- Table: Middle East Outperforms In Terms of Passenger Growth
European Petrochemicals Overview
United Kingdom Market Overview
- Sector Overview
Industry Trends And Developments
- Regulation
Industry Forecast Scenario
- Table: United Kingdom - Petrochemicals Sector, 2010-2017
Petrochemicals Risk/Reward Ratings
- West Europe Regional Power Risk/Reward Ratings
- Table: West Europe Power Risk/Reward Ratings (Scores Out Of 100)
- UK Petrochemicals Risk/Rewards Ratings
Macroeconomic Forecast
- Table: United Kingdom - Economic Activity, 2011-2016
Company Profiles
- BP
- ExxonMobil Chemical
- Ineos
- Shell Chemicals UK
Glossary Of Terms
- Table: Glossary Of Petrochemicals Terms
Country Snapshot
- Table: The United Kingdom's Population By Age Group, 1990-2020 ('000)
- Table: The United Kingdom's Population By Age Group, 1990-2020 (% of total)
- Table: The United Kingdom's Key Population Ratios, 1990-2020
- Table: The United Kingdom's Rural And Urban Population, 1990-2020
BMI Methodology
- How We Generate Our Industry Forecasts
- Chemicals And Petrochemicals Industry
- Cross Checks
- Business Environment Ratings
- Table: Petrochemicals Business Environment Indicators And Rationale
- Weighting
- Table: Weighting Of Indicators

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