Archive | July, 2009

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Another Opinion: China and Recycling

Source of Picture: The Earth Institute at Columbia University

I was speaking to a Singapore-based trader this morning over the reasons behind the polyolefin price rally.

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Here are his views:

“A maor factor has been a lack of availability …

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Asia Polyolefins: “Bloodbath” Postponed

Source of Picture : purchasing.com

In his own words, here is how one contact describes the current situation with a couple of extra points added by yours truly (with links)

“We’ve seen arbitrage close from Europe on polyolefins with no …

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Dalian LLDPE futures explained?

My last blog entry quoted a North American industry source who was concerned over the potential for physical delivery on the Dalian futures exchange to flood the real market and send prices crashing.

In my ignorance of how futures markets …

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Futures, Recycling Behind China PE Mystery?

Picture: The China Daily

“I’ve given up trying to read the polyolefin market in China. I just can’t figure out what’s going on,” said a senior source with a major North American producer late last week.

“I keep returning to …

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China petchem imports soar on false confidence

They always say the best form of flattery is immitation and so thanks to my colleague Paul Hodges for this graph indicating a huge surge in China’s polyethylene imports – courtesy of data from Edwin Pang of Credit Suisse.

I …

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Artificial price support about to disappear

Source of picture: gilesbowkett.blogspot.com

The excellent daily energy and shipping report, The Schork Report said today that the bottom had “fallen out of the entire (energy) complex.”

With the Bulls on the defensive, the authors believe that crude could retreat …

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Where is the real demand recovery?

Have you ever been away on holiday and have cut yourself off from from work, only to return and find that nothing has changed?

So it seems in polyolefin markets. As this blog has been writing about for several months, …

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Back to the Serious Stuff: Fitch issues China warning

As I’ve been warning on this blog for some time, the explosion of credit in China has created a great deal of paper-bottomed optimism over the recovery.

Fitch, the ratings agency, has just raised its macro-prudential risk indicator ffor China …

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