Archive | December, 2011

Middle East builds downstream

By Malini Hariharan

After years of making money in basic petrochemicals the Middle East focus has firmly shifted to downstream chemicals, a topic that is being discussed in great detail at this year’s GPCA forum being held in Dubai on …

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The Murkiest Of Outlooks

By John Richardson

LACK OF visibility over what the New Year will bring for the global chemicals industry is a key feature of just about every conversation held with industry executives at the moment.

Perfect forecasting is, of course, always impossible, but …

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China And The WTO Ten Years On

By John Richardson

TEN years ago this weekend China officially joined the World Trade Organisation (WTO), and so no doubt numerous speeches have been given about all the benefits to the global economy.

Here is a somewhat more negative perspective:

*As the diagram …

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The Planning Process Gets Harder

By John Richardson

EARLIER this week we talked about the possibility that China might devalue the Yuan rather than allow it to further appreciate.

We have since been told by a senior chemicals industry source that this is exactly what …

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Relief Rallies Will Not Be Sustained

By John Richardson

FURTHER relief rallies in petrochemical markets that occur over the next few weeks and months will not change the overall direction.

Buyers will inevitably run short of stocks down all the value chains and we thus will see …

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Yuan Devaluation Needs To Be Considered

By John Richardson

The “beggar my neighbour” trade wars that many economists feared would erupt after the global financial crisis were delayed thanks to fiscal stimulus.

But now politicians will be under increasing pressure to erect trade barriers.

“We are …

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India Needs A New Political Direction

Manmohan Singh compromises to the point where “policy has no direction”

Source of picture: Wikipedia

 

By John Richardson

IN A week during which the Eurozone could quite easily break-up, the influence that individual political leaders will have on shaping …

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Innovating Down The Value Chain

By John Richardson

THE lack of depth and thought behind “analysis” of the economic challenges facing developing economies has worried the blog for some time.

It is undoubtedly the case that as hundreds of millions more people in countries such …

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China’s Leaders Are Boxed In

By John Richardson

IT seems inevitable that petrochemical markets will respond positively to the Chinese government’s decision to reduce bank-reserve requirements by 50 basis points.

There will quite likely be a relief rally in the Dalian Commodity Exchange’s futures contract …

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