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Asian Chemical Connections

Relief Rallies Will Not Be Sustained

by John Richardson

By John Richardson FURTHER relief rallies in petrochemical markets that occur over the next few weeks and months will not change the overall direction. Buyers will inevitably run short of stocks down all the value chains and we thus will see some more brief flurries of price rises. Another driver of inventory rebuilding will be recoveries […]

Polyethylene And Alice In Wonderland

by John Richardson

  Source of picture: the-office.com     By John Richardson A FURTHER illustration of the Alice in Wonderland world of financial investors versus the fundamentals of real demand was provided by the Dalian Commodity Exchange earlier this week. “Some investment funds started snapping up linear low density PE (LLDPE) futures in anticipation of improvement in […]

We are heading for $45 a barrel crude this year

by John Richardson

SWIMMING IN OIL?   Source of Picture: fashionfunky.com     The threat posed by Iran test-firing its Shahab-3 missiles and a rally in US equities on increased M& activity in the drug and technology industries pushed crude slightly higher yesterday after last week’s steep declines. This is yet further evidence that the oil market is […]

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