Archive | December, 2007

Japanese gloom builds as earnings fall

Yet more gloom – the world’s second-biggest economy appears to be slowing down as the effects of the sub-prime crisis spread.

What will this mean for Japan’s chemical industry, which in the first half of the current financial year suffered …

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Can India compete with China?

India is already being held back in mass manufacturing by restrictive labour practices and poor infrastructure – meaning the answer to the above question is already a resounding no in some sectors.

The rise of the rupee is also a …

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Bali doesn’t go anywhere near far enough

At least the US is on board, but the pact to reduce emissions by 25-40 per cent by 2020 might well not be sufficient to prevent the 1.5 centigrade rise in global temperatures that will be disastrous for the planet.…

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Where does Dow/PIC go from here in Asia?

What Andrew Liveris didn’t address when interviewed over the Dow/PIC deal is what the $19bn olefins and polymers deal could mean for Asia, the Middle East and commodities.

All the talk was of specialities with speculation sure to be rife …

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More talk of credit tightening in China

Call me a bitter old cynic, but some of the talk in this ICIS news article about a government lending crackdown might be from a few traders taking positions.

But still, it does seem as if the government is taking …

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China inflation to threaten growth?

Yes, if it persists despite the best efforts of the government to cool down the economy.

The point is that this is not just crude oil and food prices, but the pace of underlying inflation is picking.

As the Financial …

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More Indonesian consolidation on the way?

There are strong rumours circulating that the hopelessly fragmented Indonesian petrochemical industry might undergo some more restructuring.

This would follow Titan Petrochemical’s purchase of troubled polyethylene producer PT Peni, now renamed PT Titan, for a bargain price.

Common ownership between …

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The Grim Reaper readies himself

See below for an extended analysis of why everything is about to go wrong.

Looking forward to picking up some bargain chemical shares over the next two years and some cheap US and UK property!

As the Asian head of …

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China lending restrictions to hit petchems?

China annnounced on Wednesday that it had shifted its monetary policy stance to “tight” from “prudent” in response to food-price driven inflation, soaring real-estate prices, the surge in local stock markets and continued strong growth in industrial investment.

How this …

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