PTA futures growing in influence?


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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


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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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?


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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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


How will this one run?

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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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China inventory sentiment survey


Peering through the fog

On the theme of data again, in the ideal world it might be possible to send thousands of hardworking foot solders out into the field in China to chase down every warehouse of polymers and count …

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Lies, damned lies and data


“Excuse me, are you sure about that?”

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A wise man said to me recently: “All data is wrong; all you can do is make sure you are consistently wrong”.

Now this is absolutely not meant to …

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