Equities, Futures, Sentiment = Recovery?


Forget supply and demand, just record the index cards….

Source of picture: Heatusa.com

This amateur pundit is beginning to think he got it very wrong.

“I’ve been thinking the same thing – I was as gloomy as you a few …

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What’s China’s real consumption growth?


Source of picture: millermmccune.com

How quickly is China shifting its economy away from exports towards stronger domestic consumption?

The answer to this question is, of course, critical to the global chemicals industry.

On the surface it looks good: Retail sales …

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“Steal a little and they throw you in jail…..


Source of picture: rateyourmusic.com

…steal a lot and they make you a King,” wrote the great Bob Dylan in A Sweetheart Like You on his great 1980s album, Infidels.

This seems appropriatea as we commemorate exactly 12 months to the …

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Taking Back Control Of Crude Markets

Goldman Sachs is talking about crude oil at $85 a barrel by the end of the year.

Sound familiar? Not quite forecasts of $200 a barrel, but is there a danger of repeating the mistake that the James A Baker …

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A New Series: It’s A Mad World


Source of Picture: pupillageandhowtogetit.wordpress.com

And now for something completely different.

I am launching an new and occasional series, hopefully fed by anonymous contributions, on the daftest examples I come across of company strategies.

A friend works for a global training …

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West To Exert More Cost Pressures


The US back-to-school buying season

Source of Picture: theglobeandmail.com

As regular readers will remember, last Friday I linked through to this article from the New York Times on the likelihood of a disappointing back-to-school sales season in the US.

I …

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Dalian Swings In Favour Of The Buyers


Polyolefin producers doing RMB business in China were delighted when price increases on the Dalian Commodity Exchange linear-low density polyethylene (LLDPE) futures contract started leading the physical market on the way up.

“We used the exchange to justify charging higher …

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The more you look at the data…..


Deep in the heart of the great wealth gap

Source of picture: Blogmlive.com

….the more convincing seems to be the argument that financial and commodity markets have got way ahead of the recovery in the real economy.

Take a recent …

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Benzene the barometer?


Source of picture: Wikipedia

Because benzene has so many end-uses it’s widely seen as a pretty good barometer for the overall health of the industry.

As C6 led the recovery last time are recent declines a sign of another broad-based …

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China petchem output up, textiles down


The Canton Trade Fair

Source of picture: Blawg.lehman.com

This interesting article from Bloomberg says that while petrochemical output in China rose in August, textile production actually contracted.

We don’t as yet have any breakdown for specific petrochemicals.

If the overall …

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