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Asian Chemical Connections

Australia: Nice Work If You Were Able To Get It

By John Richardson BACK in the late 1990s, the blog held a discussion with an Australian petrochemicals industry executive. He described his country’s approach to free trade, or rather the lack of it, as “to put it politely, naïve, and to put is less politely, plain stupid.” He was referring to how Australia had aggressively […]

Irrationality And Staying Solvency

By John Richardson JOHN Maynard Keynes, the famous economist and speculator ,  once said “the market can stay irrational longer than you can stay solvent.” In other words, if you are a trader you can sit around for ages waiting for the fundamentals to drive any particular market, and, as a result, go bust – […]

Adjusting Inventories To Lower China Growth

By John Richardson EXCESSIVE inventory building across a range of commodities in China, including  petrochemicals, continues to worry the blog. One reason, as we discussed yesterday, might be that traders are in the midst of a liquidity squeeze as a result of the late June credit crackdown. They have therefore taken out further very-aggressive positions […]

China Commodities Rally About Protecting Existing Debt

By John Richardson OVER the last few days we have focused on the increased risk-on trade in commodities, including petrochemicals. But maybe the rallies we have seen  in products such as fibre intermediates and polyethylene (PE)  are mainly about traders being forced to increase their risk profiles in order to protect existing liquidity. Here is the […]

China To Grow at 3 Percent

By John Richardson THE possibility that China’s economy may not expand as rapidly in the future as in the past is never discussed in public by resources-company CEOs, said an Australian-based stockbroker. His comments ring true for petrochemicals, also. The blog is struggling to find a senior executive willing to discuss this possibility on the […]

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