Commodity Stockpiles A Risky Bet

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By John Richardson

Inventories of copper, aluminium, lead and nickel have risen as prices for all these commodities have also surged, says this article in The Economist.

 

Source of graph: The Economists

 

Copper stocks total half a …

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Polyolefins: A view from the ground

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By Malini Hariharan

H2 is just two months away but one China-based market participant says that there is still a total lack of clarity on price direction for the rest of the year.

Buying activity picked up last week but …

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China Polyolefns: Trying To See Through The Data

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Source of picture: www.wrh.noaa.gov/hnx/newslet/sum…mber.htm

 

By John Richardson

Hope springs eternal when it comes to trying to fathom the direction of the polyolefin market in China.

One particular hope rests on March import numbers from China Customs, due to …

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Surge in Saudi-US PE Exports Reported

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Heading West,,Jeddah’s container port

 

Source of picture: http://ofwngayon.com/home/?p=257

 

By John Richardson

SABIC has increased its exports of PE to the US in response to high pricing and what could be weaker demand in China, a source with a …

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China: Playing the Devil’s Advocate

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Jim Chanos gets it right more than 70% of the time (unlike Alan Greenspan)

 

Source of picture: New York Post

 

Somebody has to play the devil’s advocate, but having just finished reading Gillian Tett’s excellent Fool’s Gold about …

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Will crude oil revive PE markets?

By Malini Hariharan

Has the steady increase in crude oil prices last week prompted Chinese buyers to resume purchases? That is what a Shanghai-based distributor of Middle East product is hoping. And it is the only explanation that he can …

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China Polypropylene Market Tightens

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By John Richardson

Polypropylene (PP) appears to have become very tight in China over the last week as a result of a reduction in import availability and a resurgence in buying activity.

“PP is incredibly tight right now because the …

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Muddled Messages Over Yuan Revaluation

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Source of picture: www.thewecc.com

 

By John Richardson

Confusing messages continue to emerge from Beijing over whether a revaluation of the Yuan is imminent, a debate that has major implications for the chemicals industry.

The Financial Times reported this …

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IOC moves ahead with Panipat cracker

By Malini Hariharan

Commissioning activity at Indian Oil Corp’s (IOC) new cracker and derivatives complex at Panipat, India, is progressing well, according to a company source. Operations at the new 857,000 tonnes/year cracker have started.

“Onspec propylene is in the …

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US Optimism Needs To Be Tempered

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Flagging Recovery

Source of picture: www.guardian.co.uk

 

By John Richardson

THE latest US Institute of Supply Management survey signalled a buoyant manufacturing sector, in line with likely Q1 GDP (gross domestic product) growth of 5%, says the latest Weekly Chemistry …

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