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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Artificial price support about to disappear

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Source of picture: gilesbowkett.blogspot.com

The excellent daily energy and shipping report, The Schork Report said today that the bottom had “fallen out of the entire (energy) complex.”

With the Bulls on the defensive, the authors believe that crude could retreat …

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Where is the real demand recovery?

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Have you ever been away on holiday and have cut yourself off from from work, only to return and find that nothing has changed?

So it seems in polyolefin markets. As this blog has been writing about for several months, …

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Back to the Serious Stuff: Fitch issues China warning

As I’ve been warning on this blog for some time, the explosion of credit in China has created a great deal of paper-bottomed optimism over the recovery.

Fitch, the ratings agency, has just raised its macro-prudential risk indicator ffor China …

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Don’t You Wish You Could Be Yourself?

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Picture: The Daily Mail

Ok, I lied – I am having trouble getting back into my petrochemicals bubble and so this post is not about polypropylene. Apologies to all those disappointed C3 H6 molecules out there.

I was sharing lunch …

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Does anyone have a clue?

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Cartoon: Peter Brookes, The Times

Yes, this blog has gone staggeringly quiet over the last few weeks as I gained a life: I went home to the UK and mixed with some people who had no interest in or desire …

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Raining on the Optimists’ Parade

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Source: The Guardian newspaper

Apologies for letting this bog slip again. I am on leave, but still pondering where on earth we are heading. This makes a welcome relief from staring up at the grey skies and thinking “summer? What …

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China borrowing from the future?

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It’s easy to get caught up in the excitement over the rebound in the Chinese economy and miss underlying weaknesses which point to some major problems ahead.

To some extent, in a desperate effort to compensate for collapsing export trade, …

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An Affair To Remember

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Source:Amazon.com

I remain perplexed by the direction of chemicals, oil and commodity markets over the last few months – and now I understand the reason why.

It’s not about feedstock, it’s not about inventory levels or what end-use demand is …

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