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Asian Chemical Connections

Place Your Bets – Who Is Right?

By John Richardson DOW Chemical CEO Andrew Liveris said in a 27 July conference call that China’s industrial economy was still doing very well. “They’re managing themselves down very nicely,” he added, pointing to official GDP growth numbers of 8-9%, which translate into chemicals and plastics growth of 12-13%. “We’re not seeing any issue here […]

Polyolefins In “Chaos And Panic”

By John Richardson CHINA’S polyolefin market was in “total chaos and panic” this morning, according to a Singapore-based trader. The Dalian Comodity Exchange’s futures contract in linear low-density polyethylene (LLDPE) fell a further 5% this morning after declines earlier in the week, according to ICIC news. The weak futures markets caused a supply surge in the […]

Broad Commodities Retreat Hurts Chemicals

By John Richardson WE hate to say we told you so but the 15 per cent fall in oil prices last week – the steepest one-week decline in two-and-a-half years – was evidence of growing concern over the health of the global economy. And as we predicted on 12 April, last week saw a broad sell-off […]

Being Miserable As A Profession

Never look on the bright side of life… Source of picture: thescratchingshed.com By John Richardson – fresh back from a long break in Europe (more on this later). “If you keep predicting a catastrophe, John, you will eventually be proved right,” a senior executive from a major Asian petrochemicals producer told me in mid-2007. At […]

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