China Govt’s Next Moves Critical For World Economy

By John Richardson

CHINA’S decision yesterday to increase the amount banks must set aside as reserves and two interbank interest rate rises in the space of a week are designed to tighten monetary conditions as worries grow over overheating and …

Continue Reading

Asean-China FTA: Indonesian drama unfolds

indonesia fta.jpg

By Malini Hariharan

Eight years after agreeing to the Asean-China FTA (ACFTA) and a few days after its implementation the Indonesian government has succumbed to industry pressure to ask the Asean Council to renegotiate tariff reductions on 228 categories of …

Continue Reading

China Inflation Threat To Chemicals

Shanghai_Center_Dragon.jpg

 

Sky-high living costs?

Source of picture: www.shanghaiist.com

 

By John Richardson

CHINA’S imports surged by 55.9 per cent last December, raising concerns among chemicals traders and producers that this points to increasing inflationary pressure and a possible interest-rate hike …

Continue Reading

China’s Credit Growth Versus the West

By John Richardson

THE BIG gap in credit growth between China and the developed world has been thrown into further relief by recently released data – raising inflationary concerns in the world’s most important economy, while emphasising how rich-world countries …

Continue Reading

Reliance ups LyondellBasell valuation

By Malini Hariharan

LyondellBasell’s aggressive moves to convince creditors to approve its own reorganisation plan have drawn a reaction from Reliance Industries.

A source familiar with developments confirms that Reliance has raised its valuation of LyondellBasell to $13.5bn, up from …

Continue Reading

Some more surprises for polyolefins

lanzhou.jpg

By Malini Hariharan

The Wednesday post on this blog highlighted some of the unexpected turns that the Asian polyolefins market has been taking.

There have been more developments over the last two days that are likely to influence markets in …

Continue Reading

China And The Cold Weather: Heating The Great Outdoors

Chinacoldweather.jpg

Stop complaining – it’s actually colder inside!

Source of picture: www.gulfnews.com

 

By John Richardson

As northern China shivers from the coldest temperatures in decades, one Western ex-pat based in the country vented his spleen on cultural impediments which cause …

Continue Reading

Polymers start the year on a robust note, but how long will it last?

china snow.jpg

By Malini Hariharan and John Richardson

Expect the unexpected and you probably stand a good chance of making money in the polymer market.

Defying expectations of a slowdown in demand ahead of the Chinese new year in February markets have …

Continue Reading

Korea’s Kumho faces heavy dose of restructuring

By Malini Hariharan

The financially troubled Kumho Asiana group, with assets stretching from petrochemicals to airlines, has finally been able to work out a plan that should satisfy its creditors.

The Korea Herald reports that the group plans to raise …

Continue Reading

Cash Will Remain King in 2010

cottesloe-beach.jpg

Still too crowded…

Source of picture:www.tripadvisor.com

 

By John Richardson

 

Dear Readers – Welcome Back.

Having spent the last two weeks lying on Western Australian beaches, drinking beer and reading books on European history – while also building sand …

Continue Reading