Tag Archives | Eurozone economy

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PTA Price Decline Reflects Realities

By John Richardson

The end of the eight-week long bull-run in China’s purified terephthalic acid (PTA) pricing might well indicate a wider problem about to beset other petrochemicals: Reality undermining the positive sentiment of the early part of this year.…

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Labour Supply After Chinese New Year

Chinese job seekers at a recruitment fair

Imaginechina/Rex Features

 

By John Richardson

As petrochemicals markets begin to slow down ahead of the Chinese New Year, which this year falls on 10 February, a lot of attention is, as always, …

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China Polyolefins Recovery Continues…..

…..For Now 

 

By John Richardson

RELATIVE to most of 2012 – when China’s polyolefins market was in dire straits – November, December and early January have been excellent for traders who took the right positions. At least one producer …

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“You Can’t Turn Back The Demographic Tide”

 

By John Richardson

Our argument ument that demographics drive demand is gaining greater traction.

Demographic challenges apply both to developed markets, where populations are rapidly ageing, and to emerging markets such as China, which confronts ithe consequences of its …

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China’s Two-Speed Recovery

By John Richardson

CHINA appears to be in the midst of a two-speed recovery as a result of stronger domestic growth, while the export environment remains very bleak.

“Our polyethylene (PE) sales to converters who sell into the domestic market …

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New Business Mindset Needed

By John Richardson

THE global chemicals industry became used to healthy and steady rates of demand growth during the “Great Moderation” in the West, before the 2008 crisis.

As fellow blogger Paul Hodges wrote in January of this year: “Executives …

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The BRICS Fallacy

By John Richardson

THE above chart, from a new Research Note released by fellow blogger Paul Hodges, exposes the fallacy that BRICS and emerging-market growth can by themselves rescue the global economy.

And, as we have highlighted before on this blog, …

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World Heading For L-Shaped Recovery

Mr Bernanke, please take note

By John Richardson

The recovery is always six months away and so while most people have written-off the first half of next year, the hope is that by H2 everything will be back to normal.…

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Dow and DuPont Make Major Job Cuts

Dupont’s Ellen Kullman

 

By John Richardson

Dow Chemical’s decision to cut 2,400 jobs, as it posted a 32% drop in earnings per share, was the result of what CEO Andrew Liveris said was difficult conditions that “may have extended …

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No Eurozone Miracle Cure

Source of picture: Wikipedia

 

By John Richardson

THE eurozone hasn’t been rescued by the programme of sovereign bond purchases, announced a month ago by Mario Draghi.

Wolfgang Munchau, in this excellent article in the Financial Times, explains why. This …

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