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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 …

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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 …

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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 …

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China inventory sentiment survey

Peering through the fog

On the theme of data again, in the ideal world it might be possible to send thousands of hardworking foot solders out into the field in China to chase down every warehouse of polymers and count …

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Lies, damned lies and data

“Excuse me, are you sure about that?”

Source of Picture: bshort.org

A wise man said to me recently: “All data is wrong; all you can do is make sure you are consistently wrong”.

Now this is absolutely not meant to …

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Asia anxious over the wrong kind growth

Like this for a while longer?

Source of Picture: Bahnuprasad.net/blog

The question, of course, is what is the right kind of growth?

If you are trader of whatever kind the only growth you care about is in aset values. In …

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China polyethylene inventories are high




A Mars Bar feast in store if crude hits $30/bbl again

Source of Picture: Amazon.com




Polyethylene (PE) inventories in China at the second and third local distributor levels are at very high levels, two …

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Will Fiscal Rebalancing Trigger A Trade War?

Ron Kirk faces a tough balancing act

Source of Picture: United States Mission – Geneva

“The rebuilt American economy must be export-oriented and less consumption-oriented,” said Larry Summers, Director of the US President’s National Economic Council, earlier this month.

But, …

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Is Dalian setting the markets?

Make your own mind up about the role of the Dalian Commodity Exchange linear-low density polyethylene (LLDPE) and polyvinyl chloride (PVC) futures contracts from the interviews below.The first quote is from Sinopec – from an ICIS news story.

There then …

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pete seeger and friends.jpg

Where Have All The Flowers/Polymers Gone?

Source of Picture: http://backincccp.blogspot.com/

Peter Seeger’s most-famous song (being performed here by Pete, Bob Dylan, Judy Collins and Arlo Guthrie) was “Where Have All The Flowers Gone?”

Perhaps a new version should be cut entitled, “Where Have All The Polymers …

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