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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Be very careful what you wish for…

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Source of picture: The Nymex

To continue the same theme of earlier this week, I agree with my fellow blogger Paul Hodges when he warns that OPEC’s price target for $75-80/bbl could nip the nascent economic recovery in the bud. …

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The next oil shock and petrochemicals

Apologies for letting this blog slip again, but have been busy trying to make a crust presenting ICIS training courses.

And so as a bonus for our army of avid readers, here are my extended thoughts on the above:

In …

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Maybe it’s not as bleak as I’ve made out…

Consensus opinion tends to swing firmly in one direction and then the other.

For example, in the good old days of 2007 you would have been pretty hard-pressed to find many in the chemicals industry who saw anything but a …

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