Archive | January, 2010

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Polyethylene Pricing Separates From Fundamentals

By John Richardson

Linear-low density polyethylene (LLDPE) pricing in China has become increasingly divorced from industry fundamentals as a result of the growing role of the Dalian Commodity Exchange’s futures contract, claimed a Singapore-based polyolefin trader late last week.

And …

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“Trust in me, go to sleep,” – the objective of China’s Central Bank

 

 

 

Source of picture: www.forums.comicbookresources.com

 

 

By John Richardson

I loved the analogy in yesterday’s Lex column in the Financial Times, comparing the objectives of any central bank to those of Kaa, the python in Jungle Book …

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Asia Olefins-Polyolefins To Stay Tight Till April

By John Richardson

The tight supply olefin-polyolefin supply that has characterised markets since the first quarter of last year continues with no sign of relief for resin buyers until at least early April.

But whereas production problems and start-up delays …

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India still shining

The figures may not be as impressive as China but India too has been churning out some good growth numbers.

The Index of Industrial Production was up 11.7% in November, the fastest pace of growth in more than two yeas. …

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Methanol Enjoys Oversupply Respite

By John Richardson

SINGAPORE (ICIS news)–Multiple production issues are likely to keep Asian methanol markets tight until at least May after which new supply might give struggling buyers more leverage, said Mark Berggren, managing director of Singapore-based consultancy, Methanol Market …

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China Govt’s Next Moves Critical For World Economy

By John Richardson

CHINA’S decision yesterday to increase the amount banks must set aside as reserves and two interbank interest rate rises in the space of a week are designed to tighten monetary conditions as worries grow over overheating and …

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Asean-China FTA: Indonesian drama unfolds

By Malini Hariharan

Eight years after agreeing to the Asean-China FTA (ACFTA) and a few days after its implementation the Indonesian government has succumbed to industry pressure to ask the Asean Council to renegotiate tariff reductions on 228 categories of …

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China Inflation Threat To Chemicals

 

Sky-high living costs?

Source of picture: www.shanghaiist.com

 

By John Richardson

CHINA’S imports surged by 55.9 per cent last December, raising concerns among chemicals traders and producers that this points to increasing inflationary pressure and a possible interest-rate hike …

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China’s Credit Growth Versus the West

By John Richardson

THE BIG gap in credit growth between China and the developed world has been thrown into further relief by recently released data – raising inflationary concerns in the world’s most important economy, while emphasising how rich-world countries …

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Reliance ups LyondellBasell valuation

By Malini Hariharan

LyondellBasell’s aggressive moves to convince creditors to approve its own reorganisation plan have drawn a reaction from Reliance Industries.

A source familiar with developments confirms that Reliance has raised its valuation of LyondellBasell to $13.5bn, up from …

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