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New Petchems Business Model Based On Trading Blocs

By John Richardson

THE above chart should give every analyst who thinks low feedstock costs are by themselves guarantee of success in petrochemicals pause for thought:…

US net polyethylene (PE) exports in 2016 were 5,000 tonnes lower than in 2015,

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Oil Prices Could Fall By 50% On Demand As Well As Supply Realities

By John Richardson

THE REAL crude-oil supply story is becoming more commonly understood – hence, the recent declines in pricing. As I discussed in early March, before oil prices started heading south again,  supply has been long for a substantial …

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The Trump Agenda: Boosting US Growth Will Not Be Straightforward

By John Richardson

DURING his election campaign Donald Trump painted an image of an America that had been economically hollowed-out by unfair overseas competition. And in his inauguration speech on 20 January he talked of rusted-out factories scattered like tombstones …

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“War of Words” On Global Trade To Continue

By John Richardson

WE remain in almost entirely uncharted territory despite the confidence of US stock markets.

Take as an example the communique released after this weekend’s G20 meeting where traditional language about the importance of open global markets was …

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China Commodity SpeculationThreatens Price Correction

By John Richardson

A SMOKING gun that points to more market-distorting high levels of speculation in China’s commodity markets? Have “circular trades” have made a comeback, where one commodity is bought merely to speculate in another commodity or even in …

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China Polyolefins: An Outlook For The Rest Of 2017

By John Richardson

AS THE chart above shows, China is suffering from a bout a polyolefins indigestion right now as a result of a sharp rise in both imports and domestic production. This helps to explain the recent falls in …

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Shift In Lending Patterns Indicate Slower 2017 China Growth

By John Richardson

WE HAVE now seen two months of a very important shift in the pattern of credit growth in China:…

In January, new local-currency bank loans were Rmb2.13 trillion ($310bn).. This was far above December’s Rmb994bn, but there

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Oil Prices Start To Catch Up With Supply And Demand Realities

By John Richardson

I HATE to say “I told you so,”, but I have been telling you that this would happen. Oil prices on Thursday fell below $50, and were at their lowest levels since December as the realities of …

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Oil Prices Could Fall On Stalling Of Trump Agenda

By John Richardson

WHILST some Republicans claim that the House bill to replace the Affordable Care Act goes too far, others have called it “Obamacare lite”.

And unless the Affordable Care Act is replaced, or at least modified, by the …

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China Credit And Economic Growth To Slow Again

By John Richardson

Since early 2014, China’s economic history has been one of start, stop reforms.

First of all, President Xi Jinping (pictured right) was in control as his “Princeling” political faction began to effectively implement the bold reform vision …

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