Source of picture: oxo.typepad.com Leaving China aside for a change – where the speculative frenzy continues apace -Paul Satchell, chemicals analyst, has a four-step measure for assessing whether the US and Europe are really out of the woods. “Purchasing behaviour is strongly influenced by a customer’s confidence, and, in the current context, four distinct phases […]
Asian Chemical Connections
Dalian: A Whole New Ball Game?
Source of picture: waittilnextcentury.blogspot Back to an old theme, the Dalian Commodity Exchange, this story from ICIS news talks of how physical cargoes are being bought and then sold at a price fixed now for November delivery. At the time of writing this was realising a $169/tonne profit. This could be old news, but I […]
China’s commodity stockpile gamble
Source of Picture: Australiannews.com In this article in the South China Morning Post (you can register for free for 14 days if you are not already a subscriber) Michael Pettis makes the argument that China is taking a big risk by stockpiling commodites such as iron ore, copper and oil. Inventory building is on the […]
What I Want to Know in H2 – Part One
How will this one run? Source of Picture: chemicals-technology.com In the 12 years I’ve been covering the chemicals industry I don’t think I have come across a time of such exceptional market muddle. The traders love it. As a wise man said to me the other day, “When I was a trader I only cared […]
Chemicals company H2 complacency?
Chemical companies as a whole displayed “dangerously complacent” views about second-half 2009 prospects when they released their Q2 results late last week, argues chemicals analyst Paul Satchell in his blog. “They believe that demand has bottomed. Although they can’t see the upturn yet they believe the worst is definitely behind us,” writes Satchell. “This blog […]
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