Relief Rallies Will Not Be Sustained

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By John Richardson

FURTHER relief rallies in petrochemical markets that occur over the next few weeks and months will not change the overall direction.

Buyers will inevitably run short of stocks down all the value chains and we thus will see …

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Yuan Devaluation Needs To Be Considered

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By John Richardson

The “beggar my neighbour” trade wars that many economists feared would erupt after the global financial crisis were delayed thanks to fiscal stimulus.

But now politicians will be under increasing pressure to erect trade barriers.

“We are …

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India Needs A New Political Direction

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Manmohan Singh compromises to the point where “policy has no direction”

Source of picture: Wikipedia

 

By John Richardson

IN A week during which the Eurozone could quite easily break-up, the influence that individual political leaders will have on shaping …

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Innovating Down The Value Chain

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By John Richardson

THE lack of depth and thought behind “analysis” of the economic challenges facing developing economies has worried the blog for some time.

It is undoubtedly the case that as hundreds of millions more people in countries such …

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China’s Leaders Are Boxed In

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By John Richardson

IT seems inevitable that petrochemical markets will respond positively to the Chinese government’s decision to reduce bank-reserve requirements by 50 basis points.

There will quite likely be a relief rally in the Dalian Commodity Exchange’s futures contract …

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India growth slides to two-year low

By Malini Hariharan

Economic data from India continues to disappoint. The economy grew at only 6.9% for the quarter ended September, the weakest pace in more than two years and below forecasts. Activity in the manufacturing sector slowed sharply as …

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A quick recovery for butadiene

By Malini Hariharan

Asian butadiene prices are once again on their way up, rising over 20% in the last two weeks.

Prices last week were at $1,900/tonne cfr Northeast Asia, up from a low of $1,500-1,600/tonne cfr Northeast Asia in …

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Everywhere You Turn…..

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By John Richardson

It really is unrelentingly depressing, even though we hear that a few investors in chemicals stocks are clinging-on to the hope that provided everyone maintains tight production, demand will recover very strongly in Q1 of next year.…

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US Chemicals See End Of Profit Boost

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By John Richardson

THE extent to which the US economy has become distorted in favour of the corporate sector was thrown into sharp relief by this article in the New York Times (the financial sector is another separate, but equally …

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Investment Theories Don’t Need To Be True

By John Richardson

DEVELOPED market plastics demand is currently 15 per cent below 2007 levels, despite a modest recovery in 2010, because of two successive years of double-digit declines in 2008 and 2009, according to a new HSBC report.

Some estimates …

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