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Challenges for chemicals trading in Q4

The views of two Singapore-based chemicals traders explain some of the fundamental shifts in production, logistics and demand since the economic crisis began.

“I have done reasonable business this year and made quite good returns, but volumes are way down,” said …

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Is the risk of staying long worth it?

 

Source of picture: Time.com

 

 

Yesterday I talked about lack of willingness by western banks to lend money because their focus was on rebuilding reserves.

But Steven Major, Global Head of HSBC’s Fixed Income Strategy Team, puts a …

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“It’s the level, stupid – it’s not the growth rates….”

…..said Mervyn King, governor of the Bank of England

Source of picture: northbriton45blogspot.com

ANY excitement over US house-price figures for July – which showed the biggest monthly gain for years when they were released yesterday – has to be put …

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We are heading for $45 a barrel crude this year

SWIMMING IN OIL?

 

Source of Picture: fashionfunky.com

 

 

The threat posed by Iran test-firing its Shahab-3 missiles and a rally in US equities on increased M& activity in the drug and technology industries pushed crude slightly higher yesterday …

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All At Stake And At Sea For October

A bit like the fund managers who are anxious to keep the equities rallies going until the end of the year in order to protect bonuses, there must be a lot of petrochemicals people hoping pricing in our sector will …

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Correction On China Economy Piece

I thought I would publish Michael Pettis’s reply to my piece yesterday here rather than approve as a comment:

Good piece but one correction.

I don’t think 8-9% growth this year and next is impossible. On the contrary, I think …

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The Threat from Dark Pools

Source of picture: zerohedge.blogspot.com

It might seem a little melodramatic (and it’s a wonderfully melodramatic name), but what kind of threat do dark pools – and other off-exchange trading mechanisms – present to all our livelihoods?

You can see that …

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China’s consumption growth challenge

“China, please please do what we did and spend what you might not be able to afford…”

Source of picture: The Daily Maily

Whether or not China’s pace of economic recovery will be maintained would have become an intensely boring …

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Falling China license plates a lead indicator?

Source of picture: Chinaenvironmentallaw.com

Talk around the water-cooler in Shanghai offices at the moment is the fall in the cost of a car-license plate in September to a lowest bid of Yuan 27,000 ($3,953) from around Yuan 36,000 in August.…

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Western Polymers: Get Out Or Get Cleverer?

MOVING IN THE RIGHT DIRECTION (SORRY, OUCH….!)

Source of Picture: www.autospies.com

The automobile industry in the West has been bought more time by economic stimulus, as this article in The Economist points out.

But some of the discussions at the …

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