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The “Minsky moment” for petrochemicals

Paul Hodges, my good friend and colleague in his excellent Chemicals & The Economy blog describes the “Minsky moment” for the global economy, when deleveraging accelerates. Hyman Minsky, the famous old economist, described how long periods of stability were followed …

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Obama’s impact on Asian petchems

For many years, many an Asian country has wanted a petrochemical industry as much as car or a textile industry.

Some of those countries have pursued investment even though their competitive advantages in petrochemicals have been somewhat dubious.

Singapore can …

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I will wait for this Lego truck to hit S$100

Yes, that’s my target for the truck above, which is actually for 4-11 year olds and my son is only 22 months – but what the hell, don’t we all deserve a second or, in my case probably a tenth …

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Buy small and local to survive

Chemicals demand still exists, believe it or not, but the new economic order -one that could last as long as six years – requires new approaches.

Purchasing managers need to start acting locally as well as globally.

Who would want …

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All those wasted lives – but at least you got your bonus

Mr Obscenely Rich Got Out In Tiime Banker, please look into these eyes, see the pain from the last Great Depression and maybe you will give some of your obscenely huge bonus towards poverty relief.

And perhaps also you’ll be …

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Even Middle East budgets are being cut

Yes, I know this blog has gone very quiet – but as the world has imploded, a few more pressing issues have come to the fore.

On a business trip last week the extent of the crisis became apparent when …

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Fair dinkum, Bruce, Sheila etc

I am taking a well-earned break in Perth, Western Australia until early next week so this blog will be quiet until then.

And no, I am unlikely to find out anything interesting on feedstock issues surrounding the Australian cracker as …

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Historic polyolefin market collapse

For the first time, quite probably, since the Chinese economy opened some producers are predicting that polyolefin demand growth could be flat or even negative this year. In the case of PE, reports are emerging of sales declines above 20% …

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A drowning man will clutch onto anything

A drowning man will grab hold of any floating debris – even a plastic bag made from standard-grade Chinese polyethylene (PE).

Hence, last Friday a statement by Wang Tianpu led to a few days of excited speculation about the cancellation …

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Uncle Sam back from the dead?

A very interesting report by McKinsey (you can sign up free for their online newsletter which only takes a minute) expands on the theme of reverse globalisation which I talked about last week.

The cost of shipping a standard 40-foot …

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