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Asian Polyethylene: Challenge The New Paradigm

By John Richardson

IT would be very interesting to go back to 2000 and compare the strength of positive sentiment towards the future of the Asian polyethylene (PE) industry to the above chart.

The chart shows spreads between naphtha costs, …

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Oil Storage, China Credit Threaten Crude-Price Rally

By John Richardson

MANAGE your naphtha and other raw material inventories incredibly carefully over the next few months, as you cannot afford to believe the hype that oil prices have definitively, without doubt, bottomed out.

This has to be the …

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Chemicals Companies Need Security Of Demand

By John Richardson

MUCH of the focus of last week’s Asia Petrochemical Industry Conference (APIC) in Singapore  once again seemed to be about feedstock advantage.

This included several charts ranking the competitiveness of the three major categories of ethylene producers …

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China Complexity: The Wrong And Right Kind Of Spending

                                                                         China’s One Belt, One Road Initiative – the right kind of spending

 

By John Richardson

SOME people might too quickly assume that last week saw yet more evidence of the reformers and anti-reformers within the Chinese government pulling in …

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China’s PP Import Decline: Did you See This Coming?

By John Richardson

THE smart people in the polypropylene (PP) business will have already adjusted their strategies in response to evidence, from 2009 onwards, that China was very aggressively expanding its PP capacities.

They would have tracked the rapid rate …

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US Water Crisis: Be Part Of The Solution, Not The Problem

By John Richardson

IT SHOULD be pretty obvious to all of us that there is a huge gap in the provision of basic needs in the emerging world. Just look, for example, at the some 2.3bn people who in 2015 …

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The Two Different Chinas: Outcome Remains Uncertain

By John Richardson

THIS year’s “sugar high” was always going to be that exactly that – if you look at the right data. The staggering increase in China’s total credit   in Q1 2016 over the first quarter of last year  …

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Go Where The Money Is: Sanitation And Water

By John Richardson

HOW do you define global progress? Is it the number of extra people each year who are able to afford to buy a smartphone, or is it the number of additional people who are given access to …

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The Dollar, Yen and Euro Battle: Implications For Crude Oil

By John Richardson

STILL don’t buy the argument of the role of central bank money in distorting the oil prices, which I made last Friday when I argued that is more of this cheap money that is behind today’s oil …

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Oil Prices: You Must Answer The Supercycle Argument

By John Richardson

THE continuing failure of genuine price discovery in oil markets was perfectly summarised  by the the Wall Street Journal today, when it wrote:

Commodity hedge funds added $4.1 billion in the first quarter, their best quarter in …

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