By John Richardson AROUND 90% or more of the price movements in most chemicals and polymers are tied to crude oil. Add to that the pick-ups in buying than can occur from time to time, based on supply and demand factors specific to particular chemicals markets, and you end up with a devilishly difficult job […]
Asian Chemical Connections
Chemical Sales, Capital Spending In A Weaker Oil-Price World
By John Richardson THE above chart shows the top 23 of the latest ICIS Top 100 ranking of global chemicals companies by sales in US dollars for 2013. When the 2014 numbers have been fully compiled and released later this year, some targets sales growth might well be missed. “We never imagined that the oil […]
Low Equity Volumes Tell The Real Story
By John Richardson The above chart is the most important indicator about why the current rally in equity markets is at high risk of a sharp correction. Volumes in European markets (the blue line) and US markets (the red line) are significantly below levels in 2006-2012. High volumes are always a bullish indicator as it means […]
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