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China petchem output up, textiles down

The Canton Trade Fair

Source of picture: Blawg.lehman.com

This interesting article from Bloomberg says that while petrochemical output in China rose in August, textile production actually contracted.

We don’t as yet have any breakdown for specific petrochemicals.

If the overall …

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Even China Polyester Rates Rise

Source of Picture: ChinaMonthlyReview.Org

Polyester operating rates in China have started to rise on anticipation that the global economic recovery has arrived, according to Leonard DeGuzman, chemicals consultant with DeWitt & Co.

Is this another example of a dangerous price …

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What I Want To Know in H2 – Part Two

Garbage out, garbage in

Source of Picture: The Daily Telegraph

Here goes for the second part of this series.

Is there anybody out there who can help?

How will the ongoing availability of recycled material affect the pricing power of …

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Excessive Confidence A Risk

Confidence along all the chemicals value chains is always a key issue because of the ability to aggressively manage inventories, according to the London-based chemicals analyst Paul Satchell.

So there’s the ever-present risk of sudden and very disruptive de-stocking. The …

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Reports of the death of US PP exaggerated

“Reports of my death are greatly exaggerated,” Mark Twain once famously said after his obituary was published before he had died.

Similarly, the US polypropylene (PP) industry had been virtually written off late last year after a calamitous collapse in …

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Can what made the US sick make China well?

It seems ironic that in the crazy scramble to protect itself from the consequences of the US collapse of the US debt-growth model, China has headed down the same path.

As my fellow blogger Paul Hodges pointed out last Friday, …

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Calling all CFOs: Ready To Take The Plunge?

Source of picture: oxo.typepad.com

Leaving China aside for a change – where the speculative frenzy continues apace -Paul Satchell, chemicals analyst, has a four-step measure for assessing whether the US and Europe are really out of the woods.

“Purchasing behaviour …

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Dalian: A Whole New Ball Game?

Source of picture: waittilnextcentury.blogspot

Back to an old theme, the Dalian Commodity Exchange, this story from ICIS news talks of how physical cargoes are being bought and then sold at a price fixed now for November delivery. At the time …

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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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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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