Is Dalian setting the markets?

DalianPEvphysicalJan-May.GIF

Make your own mind up about the role of the Dalian Commodity Exchange linear-low density polyethylene (LLDPE) and polyvinyl chloride (PVC) futures contracts from the interviews below.The first quote is from Sinopec – from an ICIS news story.

There then …

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Where Have All The Flowers/Polymers Gone?

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Source of Picture: http://backincccp.blogspot.com/

Peter Seeger’s most-famous song (being performed here by Pete, Bob Dylan, Judy Collins and Arlo Guthrie) was “Where Have All The Flowers Gone?”

Perhaps a new version should be cut entitled, “Where Have All The Polymers …

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The insidious rise of the Internet….

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“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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China’s Great Property Gamble

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Source of Picture: Chinasnippets.com

Perhaps this post will help explain why a perplexed Hong Kong-based financial analyst wrote to me the other day, in response to my probably failed efforts to adequately explain rising chemicals demand in China:

“I stilll …

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Credit Expansion Linked To Dalian Boom?

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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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Another Opinion: China and Recycling

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Source of Picture: The Earth Institute at Columbia University

I was speaking to a Singapore-based trader this morning over the reasons behind the polyolefin price rally.

PPPEPrices2006-Aug09.ppt

Here are his views:

“A maor factor has been a lack of availability …

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Asia Polyolefins: “Bloodbath” Postponed

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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?

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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

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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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