Archive | Economics RSS feed for this section

Global Economy: “When Elephants Fight, The Grass Suffers”

HERE are some very disturbing statistics:…

Over the last five years, US oil and gas companies have issued bonds and taken out loans that are together worth $1.2 trillion, according to data from Dealogic. This has created at least 200,000

Continue Reading

Take Stock And Plan For the Post-New Year China

By John Richardson

NOBODY involved in the Asian chemicals industry is likely to have been surprised by Saturday’s announcement that January’s official purchasing managers’ index (PMI) slipped into negative territory for the first time in more than two years.

The …

Continue Reading

Friday’s Oil-Price Surge: Here Is The Right Context

By John Richardson

THE right historical context is crucial if you want to gain a real understanding of today’s oil market.

It is, for example, crucial that you put Friday’s 8% surge in oil prices into this correct context.

This …

Continue Reading

China: Again, Please Listen To Us: “No Change In Direction”

By John Richardson

China’s Premier, Li Keqiang, could not have been clearer in comments that he made on Monday during a meeting with some of the country’s top corporate leaders.

He told business leaders that the government aimed to create …

Continue Reading

India’s Republic Day: Just Think What Can Be Achieved

By John Richardson

TODAY is Republic Day in India and so I hope that what comes next will not be seen as overly negative.

But I think it is essential, as the New Normal develops, that we have an open …

Continue Reading

How China’s New Silk Road Is Reshaping Global Chemicals

By John Richardson

THE red line on the map below, from the Washington Post, shows the world’s longest-ever freight-train journey, which began on 18 November in Yiwu, the largest wholesale centre for small consumer goods in China.

It ended 21 …

Continue Reading
P1-BS532_CHINAG_16U_20150119220313

China: Counting The Cost Of Wrong Analysis

By John Richardson

VERY few people listened when I warned in November 2013 that China’s economy was about to enter a “New Normal” as a result of the biggest about-turn in economic policy that China had seen for at least …

Continue Reading

Asian Polyethylene: Inventory Losses Threaten Survival

By John Richardson

HERE are some observations, from several discussions with market participants this week, about what is happening in China’s key polyethylene (PE) market:…

If the oil price stays at $40-50 a barrel then payment collection from local customers,

Continue Reading

Indonesia: Seize The Day

By John Richardson

IT WAS criminally wrong. Yes, criminally wrong. Financial speculators drove up the price oil to $100 a barrel and more, which forced developing countries to waste many billions of dollars on fuel subsidies.

This was money that …

Continue Reading

How To Get Through 2015 In One Piece (More Or Less)

By John Richardson

EVERY time the oil price stabilises for just a few days there is pretty widespread talk of the market having found a bottom  and that a rebound is about to begin.

A case in point was last …

Continue Reading