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 from category 1 (safe) to category 3 (Iceland et al) because of the lending surge […]
Asian Chemical Connections
China’s economy: A case of wishful thinking?
Could the chemicals industry be in danger of wanting to believe something so much that ignores overwhelming evidence to the contrary? The widespread perception is that China’s economy has reached a turning point. “The worst of the crisis is over and the world is entering the time when things will gradually get better,” wrote former […]
Do you need a Joseph Kennedy moment?
Referring to the famous story about how Joseph Kennedy sold his shares on the eve of the Wall Street Crash after being given investment tips by a shoe-shine boy, my answer to the above is a definitive YES. Over the course of rest of this week I am going to detail why I think reports […]
China polyolefin speculation gets worse
See the piece below. I suspect polyolefin pricing will fall a lot further: A Singapore-based polyolefin trader took a telephone call during a lunch meeting a few weeks ago from his counterpart on China’s Dalian Commodity Exchange (DCE). “Sell, sell, sell,” advised his colleague from the other side of the restaurant table. But he decided […]
Asian petchems: A H2 Outlook
Bear Stearns, Dalian Commodity Exchange, bear-market rally, China speculation, ethane versus naphtha prices, International eChem
US petchem exports to lessen the pain?
General Motors, Dalian Commodity Exchange, China self-sufficiency, US-Asia exports
Jump to page: