Rocky road ahead

By Malini Hariharan

Asian polyolefin producers confront yet another challenging week.

The macro environment suggests that implementing price hikes for September cargoes will be difficult. Stock markets around the world continue to be jittery with concerns about a US recession …

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Yet another week of price corrections

By Malini Hariharan

Asian petrochemical markets continue to face downward pressure on concerns about the health of the global economy. Market sentiment for most products remains poor with buyers in no rush to resume purchases.

Polyolefin markets closed last week …

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Towards a New Normal, not a new Supercycle

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GDP growth figures in Europe and the USA have shown virtually no growth in Q2, whilst China is clearly also slowing fast.

It is hard to believe that even today, some analysts are still arguing that a new Supercycle is …

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ICIS Chemicals and the Economy blog

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I’ve enjoyed writing the Asian Chemical Connections blog this week, whilst John and Malini have been on a well-deserved holiday.

If you would like to continue reading my posts, please visit ICIS Chemicals and the Economy blog, by clicking the …

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US Fed policy may be going Back to the Future

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by Paul Hodges

Today’s 419 point fall on the Dow Jones Average, and $6/bbl fall in WTI crude oil prices, may not be just another example of the wild volatility that has come to seem normal in financial markets.

It …

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Buffett says US rich should pay higher taxes

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by Paul Hodges

Last year, Warren Buffett paid only $7m taxes, just 17.4% of his income.

Now he says rich Americans, including himself, should pay more, in order to help reduce US debt. He notes that:

• In 1992, the …

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Wal-Mart sends a message

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by Paul Hodges

The blog is a great believer in the predictive power of the retail sector.

Wal-Mart and Tesco were the first to spot the downturn in the summer of 2007, a year before it became obvious to everyone …

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China’s bank lending nears its Minsky Moment

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by Paul Hodges

China’s credit bubble is one of the largest the world has ever seen. This is true not only of its total size, but also in relation to GDP.

The history of credit bubbles is very clear about …

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High Frequency Trading dominates as markets crash

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by Paul Hodges

The Chemicals and the Economy blog was almost alone at the end of April, when it launched the IeC Downturn Alert. Today, its fear that we are close to a global downturn has become mainstream.

As the …

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China And Bouncing Dead Cats

By John Richardson

Fifty per cent of the blog (John Richardson) is on leave for the next two weeks.

Next week Paul Hodges will be posting on Asian Chemical Connections. Paul runs the ICIS Chemicals & Economy blog.Then from the …

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