Excessive Confidence A Risk

Confidence along all the chemicals value chains is always a key issue because of the ability to aggressively manage inventories, according to the London-based chemicals analyst Paul Satchell.

So there’s the ever-present risk of sudden and very disruptive de-stocking. The …

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Reports of the death of US PP exaggerated

“Reports of my death are greatly exaggerated,” Mark Twain once famously said after his obituary was published before he had died.

Similarly, the US polypropylene (PP) industry had been virtually written off late last year after a calamitous collapse in …

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PTA futures growing in influence?

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Source of picture: 1st-commoditytrading.us

It’s only one comment from one consultant, but this is what he said today about the growing role of the Zhenghou Commodity Exchange‘s purified terephthalic acid (PTA) futures contract.

“PTA futures have been exerting a huge …

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Building A Society With A Soul

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What would would the great man have thought?

Source of picture: Newham Council, the UK

Four of the things my dear late father taught me were:

*Never vote for the British Conservative Party

*Never cross a picket line

*Always pursue …

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Can what made the US sick make China well?

It seems ironic that in the crazy scramble to protect itself from the consequences of the US collapse of the US debt-growth model, China has headed down the same path.

As my fellow blogger Paul Hodges pointed out last Friday, …

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Calling all CFOs: Ready To Take The Plunge?

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Source of picture: oxo.typepad.com

Leaving China aside for a change – where the speculative frenzy continues apace -Paul Satchell, chemicals analyst, has a four-step measure for assessing whether the US and Europe are really out of the woods.

“Purchasing behaviour …

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Dalian: A Whole New Ball Game?

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Source of picture: waittilnextcentury.blogspot

Back to an old theme, the Dalian Commodity Exchange, this story from ICIS news talks of how physical cargoes are being bought and then sold at a price fixed now for November delivery. At the time …

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China’s commodity stockpile gamble

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Source of Picture: Australiannews.com

In this article in the South China Morning Post (you can register for free for 14 days if you are not already a subscriber) Michael Pettis makes the argument that China is taking a big risk …

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What I Want to Know in H2 – Part One

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How will this one run?

Source of Picture: chemicals-technology.com

In the 12 years I’ve been covering the chemicals industry I don’t think I have come across a time of such exceptional market muddle.

The traders love it. As a wise …

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Chemicals company H2 complacency?

Chemical companies as a whole displayed “dangerously complacent” views about second-half 2009 prospects when they released their Q2 results late last week, argues chemicals analyst Paul Satchell in his blog.

“They believe that demand has bottomed. Although they can’t see …

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