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Asia Top Ten Chem Companies

By John Richardson

SINOPEC’s remarkable rise in the petrochemicals business continued in 2011 as it jumped two places in the ICIS Top 100 ranking, compared with 2010, to finish second overall, behind BASF. This was the result of a 28.9% …

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China Leadership: Nobody Has A Clue

By John Richardson

THE blog has spent a great deal of time talking to lots of people, and reading everything it can get its hands on, concerning China’s leadership handover and has reached one overwhelming conclusion: Nobody has a clue. …

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Real Demand In The Real Economy

By John Richardson

THE FED’S decision to launch quantitative easing 3 (QE3), a series of open-ended steps more radical than anything it has attempted before, is bound to drive petrochemicals pricing higher, in response to the surging cost of crude.…

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“Good News” Over China Bank Lending

By John Richardson

CHINA’S new local currency lending rose to 703.9 billion Yuan ($111 billion) last month, way ahead of July’s 540.1 billion Yuan.

If a you are trader in the Dalian Commodity Exchange’s futures contract in linear-low density (LLDPE) you …

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Failure Of Central Bankers

Source of graph: Reuters

 

By John Richardson

THE Federal Reserve has got it badly wrong, and could compound its mistake by launching a third round of quantitative easing (QE3), warns Ruchir Sharma, head of emerging markets and global macro …

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China Investment Lowest Since 2002

By John Richardson

THE chart above indicates the extent to which polyethylene (PE) price rises over the last few weeks have failed to adequately compensate for higher feedstock costs.

Last week saw prices edge up by a further $10-40/tonne, according …

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China Stimulus Confusion

By John Richardson

THERE was much talk last week about $158bn worth of new infrastructure projects in China that have received fast-track approval from the central government.

But is this just a lot of noise to boost financial and commodity markets? …

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The Best Of All Possible Worlds

Source of graph: http://www.businessspectator.com.au/ 

 

By John Richardson

“Candide, the classic novel of the great French writer Voltaire, is a satirical description of a young man who has been taught that ‘everything is for the best in the best of …

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China Exports, Rebalancing Scenarios

Source of chart: Morgan Stanley

 

By John Richardson

CHINA might soon raise export tax rebates, as it did during the 2008-2009 global economic crisis.

Some chemicals and polymers exporters to China would welcome the increase in export tax rebates …

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As Oil Rises Demand Weakens

By John Richardson

A barrel of Brent crude oil cost $88.49 a barrel in June. Yesterday, it was trading at $116.55 a barrel.

In the intervening period the global economy has substantially weakened, most notably in the case of China, …

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