Asia anxious over the wrong kind growth


Like this for a while longer?

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The question, of course, is what is the right kind of growth?

If you are trader of whatever kind the only growth you care about is in aset values. In …

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China polyethylene inventories are high





A Mars Bar feast in store if crude hits $30/bbl again

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Polyethylene (PE) inventories in China at the second and third local distributor levels are at very high levels, two …

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Will Fiscal Rebalancing Trigger A Trade War?


Ron Kirk faces a tough balancing act

Source of Picture: United States Mission – Geneva

“The rebuilt American economy must be export-oriented and less consumption-oriented,” said Larry Summers, Director of the US President’s National Economic Council, earlier this month.

But, …

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Is Dalian setting the markets?


Make your own mind up about the role of the Dalian Commodity Exchange linear-low density polyethylene (LLDPE) and polyvinyl chloride (PVC) futures contracts from the interviews below.The first quote is from Sinopec – from an ICIS news story.

There then …

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Where Have All The Flowers/Polymers Gone?

pete seeger and friends.jpg

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Peter Seeger’s most-famous song (being performed here by Pete, Bob Dylan, Judy Collins and Arlo Guthrie) was “Where Have All The Flowers Gone?”

Perhaps a new version should be cut entitled, “Where Have All The Polymers …

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The insidious rise of the Internet….


“Bob, I think I we should give this up as I can’t get a wireless connection and I couldn’t be bothered to talk to anyone.”
Source of Picture: Faculty.SMU.Edu

……and the effect on the quality of data and analysis …

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China’s Great Property Gamble


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Perhaps this post will help explain why a perplexed Hong Kong-based financial analyst wrote to me the other day, in response to my probably failed efforts to adequately explain rising chemicals demand in China:

“I stilll …

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Credit Expansion Linked To Dalian Boom?


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We have just started doing our research and so more details later – but see attached this Excel spreadsheet –

It compares the increase in lending from China’s banks with the amount of open interest …

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Another Opinion: China and Recycling


Source of Picture: The Earth Institute at Columbia University

I was speaking to a Singapore-based trader this morning over the reasons behind the polyolefin price rally.


Here are his views:

“A maor factor has been a lack of availability …

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Asia Polyolefins: “Bloodbath” Postponed


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In his own words, here is how one contact describes the current situation with a couple of extra points added by yours truly (with links)

“We’ve seen arbitrage close from Europe on polyolefins with no …

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