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China Commodities: Fool’s Gold

By John Richardson

GILLIAN Tett’s splendid book about the root causes of the global financial crisis, Fool’s Gold, talks about “silo thinking”. Regulators, politicians and supposed financial experts had deep expert knowledge in their chosen fields, but lacked the ability …

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China’s “Whack-A-Mole” To Accelerate

By John Richardson

Mono-ethylene glycol (MEG) is the latest petrochemicals product to be caught up in real estate-linked collateral trading, an industry observer recently told the blog.

“To some extent, MEG has been bought not for real demand, but instead …

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China: GDP And Forgetting What You Already Know

By John Richardson

THE blog has a terrible confession to make: We sometimes get it very badly wrong. How’s that for modesty?

A couple of months ago we got it very badly wrong when we kept waffling on and on, …

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China Coal-To-Olefins: Water Not An Issue

By John Richardson

CONVENTIONAL wisdom has it that the water issue stands in the way of the growth of the coal-to-olefins (CTO) industry in China.

The process consumes a lot of water  – between 15-20 tonnes for every tonne of …

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China Polyethylene Demand Up By 25%

By John Richardson

WHEN something appears to be good to be true, it usually is.

Back in 2009, China’s demand for polyethylene (PE) increased by more than 20% – way above the increase in GDP – because of just about …

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European Political Suicide Seems Unlikely

By John Richardson

For once, we are not going to talking about demand but will instead focus only on supply.

“In all scenarios, the US captures market share away from Europe,” the American Chemistry Council’s (ACC) chief economist, Kevin Swift, …

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China’s Petchem Markets Contradict Latest PMI

By John Richardson

IF you study China’s petrochemicals markets on a regular basis they tell you something very important: That despite persistent efforts to tighten-up supply across several sectors in order to entice end-users into stock building, “hand-to-mouth” purchasing remains …

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China, Chemicals And Interest-Rate Arbitrage

By John Richardson

WHACK A MOLE on the head and another one pops up somewhere else. This is  tremendous fun as an arcade game but not that much fun, metaphorically speaking, for the Chinese government.

“The commodity-backed loans at the …

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China’s Methanol Industry: Through The Looking Glass

By John Richardson

AT first glance, some of the facts relating to China’s methanol sector sound like Jabberwocky  sounded to Alice when she firs discovered the language of that name in the marvellous Lewis Carroll novel, Alice Through The Looking …

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China Iron Ore Stocks Can Build 1,200 Empire State Buildings

By John Richardson

CHINA’S commodity imports boom was, of course, mainly down to the rise its middle class as hundreds of millions more of its citizens became rich enough to buy a refrigerator, a TV and a car for the …

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