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The insidious rise of the Internet….

“Bob, I think I we should give this up as I can’t get a wireless connection and I couldn’t be bothered to talk to anyone.”
Source of Picture: Faculty.SMU.Edu

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……and the effect on the quality of data and analysis …

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Credit Expansion Linked To Dalian Boom?

Source of Picture: http://blogs.suntimes.com/ebert/

We have just started doing our research and so more details later – but see attached this Excel spreadsheet –
lendingVDalianOI.xls

It compares the increase in lending from China’s banks with the amount of open interest …

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Asia Polyolefins: “Bloodbath” Postponed

Source of Picture : purchasing.com

In his own words, here is how one contact describes the current situation with a couple of extra points added by yours truly (with links)

“We’ve seen arbitrage close from Europe on polyolefins with no …

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Dalian LLDPE futures explained?

My last blog entry quoted a North American industry source who was concerned over the potential for physical delivery on the Dalian futures exchange to flood the real market and send prices crashing.

In my ignorance of how futures markets …

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Futures, Recycling Behind China PE Mystery?

Picture: The China Daily

“I’ve given up trying to read the polyolefin market in China. I just can’t figure out what’s going on,” said a senior source with a major North American producer late last week.

“I keep returning to …

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China petchem imports soar on false confidence

They always say the best form of flattery is immitation and so thanks to my colleague Paul Hodges for this graph indicating a huge surge in China’s polyethylene imports – courtesy of data from Edwin Pang of Credit Suisse.

I …

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Artificial price support about to disappear

Source of picture: gilesbowkett.blogspot.com

The excellent daily energy and shipping report, The Schork Report said today that the bottom had “fallen out of the entire (energy) complex.”

With the Bulls on the defensive, the authors believe that crude could retreat …

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The next oil shock and petrochemicals

Apologies for letting this blog slip again, but have been busy trying to make a crust presenting ICIS training courses.

And so as a bonus for our army of avid readers, here are my extended thoughts on the above:

In …

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Net lending declines by 70-80% in Q2 in China

This very interesting note from Jun Ma, chief economist for Greater China at Deutsche Bank (see the end of this post) offers evidence to support what this blog has been worried about for some time – the quality of China’s …

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US-Asia Propylene arbitrage closes

As flagged up on this blog last week, ICIS news has confirmed that the US-Asia propylene arbitrage has shut following a rise in US domestic refinery-grade C3 prices.

This could be good news if West-East arbitrage in general becomes more …

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