Comments off until Tuesday 28 August

We will be undergoing routine maintenance this week end and you will be unable to post comments to this blog until Tuesday 28 August. Sorry for any inconvenience this will cause.

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Bad luck always comes in threes and this is 2007!

Last night I was feeling a little mellow after consuming far too much ethanol (the French variety – a very reasonable bottle of Cotes du Rhone) when the idiots on CNBC began to rant on about this being 2007, which …

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The global credit crisis is going to last

The collective sigh of relief was almost audible late last week when the Fed cut its discount rate – the rate banks charge each other for lending.

Action from other central banks, including the European Central Bank, could follow this …

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Construction crisis? What crisis? China leads the way

As the Middle East struggles to find labour and raw material supply with contractors’ order books bursting at the seams, the Chinese seem to have no difficulty in executing their projects.
See below for detailed analysis of what’s happening with …

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The fallout for petrochemicals from Iraq

As everyone focuses on when the next downturn might arrive, macro issues such as the implications of a likely US withdrawal from Iraq are rarely publicly discussed.
But if I were on the board of any company making investment decisions, …

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China attempts to move up the value chain

Petrochemical markets are being badly ruffled by two recent Chinese government decisions.
In late June, there was the decision to change the VAT export rebate system for yuan-priced product.
And then this week there was a widening of the deposit …

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China’s crackers are on track. Is this bad news?

The consultants, traders and producers I spoke to last week insist that the current wave of new Chinese ethylene capacity due on stream in the current Five-Year Plan (2006-10), Download file
is more or less on track to be completed …

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China will choke itself to death

I think it’s about time that the developing world stopped saying “you did it, so why can’t we?” when the West raises concerns over rising pollution levels in China, India etc.
In the “good” old days my home country, the …

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Rebranding the chemicals industry

The industry we work either for or with is about as popular as George Bush Junior at I was about to say a wedding party in the Gaza Strip; but actually probably about as popular as George Bush at just …

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Are We On A Different Planet?

“Hello, my name is John Richardson.
I had an accident, and I woke up in 1973.
Am I mad, in a coma, or back in time?
Whatever’s happened, it’s like I’ve landed on a different planet.”
Before you think I’ve …

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