Archive | February, 2013

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“Flabbergasted” By Weak Demand….

….In A Tale Of Three Markets.

By John Richardson

AS China introduces more measures to clamp down on an overheated property sector and the shadow-banking system, polyethylene (PE) traders regard this latest news cycle as yet another opportunity to go …

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Damage Limitation

By John Richardson

POLYETHYLENE (PE) prices crept up by $10-50/tonne for the week ending 22 February, according to ICIS pricing.

But, as the above chart shows, integrated high-density PE variable cost margins in Southeast and Northeast Asia remained very weak, …

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China’s Numbers Game

By John Richardson

YET more problems with Chinese economic statistics have emerged, casting doubt over the idea that an economic hard landing was avoided in 2012 – and that there was a strong rebound in the fourth quarter.

“Official data …

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China’s New Credit Clampdown

By John Richardson

BEIJING is clearly getting worried that its politically motivated 2012 economic stimulus programme has damaged the economy.

“Just when the world had bought into a Chinese economic recovery, along comes the government throwing proverbial spanners in the …

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China Coal-To-Olefins Storm In A Teacup?

 

: Source: NRELC, China Coal Research Institute, HSBC estimates

 

By John Richardson

THERE has been a lot of interest in China’s coals-to-olefins (CTO) industry, with arguments that it is a very economically viable method of production.

On paper, there …

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US Housing Recovery 74% Below The Peak

By John Richardson

“People are tired of being depressed and looking for any little source of light to feel positive. Even companies are resorting to this and forecasting margin and earnings recovery though there is no strong data to show …

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HSBC: China 2013 Polyethylene Market Has Peaked

By John Richardson

A NEW report from HSBC backs up our concerns that the post-Chinese New Year polyethylene (PE) will be weaker than in December-January.

The bank is with us in thinking that the stronger markets over the last two …

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Filtering Out The Noise

By John Richardson

ONE should be careful about reading too much into the above margins for February as, of course, there was very little trading activity because of Chinese New Year (CNY), whilst oil and therefore naphtha prices increased.

But …

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Sinopec A Litmus Test For Reform

By John Richardson

CHINA’s new leaders are under increasing pressure to do something about the dreadful pollution that blights the lives of hundreds of millions of people.

One Shanghai resident told the blog, “The air quality is so bad here …

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US Housing Market – Real Recovery?

Source of picture: Rex Features

 

Today, we are running a guest blog post from Brian Spero,who is a financial contributor for the online resource, Money Crashers Personal Finance, where he writes about economic policy, real estate, and home improvement. …

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