Tag Archives | financial meltdown

Maybe it’s not as bleak as I’ve made out…

Consensus opinion tends to swing firmly in one direction and then the other.

For example, in the good old days of 2007 you would have been pretty hard-pressed to find many in the chemicals industry who saw anything but a …

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Micro-management gone too far?

“Nobody can see until the end of the month – never mind into the third quarter,” commented an olefins trader recently.

“The reason is that very senior managers are too busy micro-managing everything, from getting involved in trying to track …

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US-Asia Propylene arbitrage closes

As flagged up on this blog last week, ICIS news has confirmed that the US-Asia propylene arbitrage has shut following a rise in US domestic refinery-grade C3 prices.

This could be good news if West-East arbitrage in general becomes more …

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Lack of visibility makes planning a nightmare

Is it just me or is sentiment in chemicals markets even more erratic than usual? Only two weeks ago people were talking about an imminent supply glut in polypropylene, but now the talk is of tightness and stable prices.

Perhaps …

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Go to the bottom of the class and stay there

A recent briefing by The Economist Intelligence Unit warned that because of the mess the West has made of the world economy, managers in Asia might face unrealistic targets.

Does this sound familiar? All answers will be treated in the …

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How to make money in a downturn Part 1

Herein begins an occasional series where I offer advice on how to make a little cash.

By the way, is it me or do I get the sense that a lot companies haven’t woken up to the severity of the …

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Chem engineers back with avengeance

At the moment, a shell-shocked chemicals industry is still recovering from the impact of destocking following the huge inventory write downs in Q4.

The next step will be to measure the state of genuine, end-user demand and how this compares …

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The dead cat has bounced. Now what?

OK, this blog is supposed to focus on the long term, but in line with just about everybody else, all I can think about is the immediate and my collapsing share portfolio and the value of my home.

As a …

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It’s fun to be miserable….

To quote Woody Allen, “More than any time in history mankind faces a crossroads. One path leads to despair and utter hopelessness, the other to total extinction. Let us pray that we have the wisdom to choose correctly.”

It’s refreshing …

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“Now, I have this great idea”….

As if you needed to reminded, be aware of the conmen who might try and sell you something you don’t need in 2009 as everyone tries to find a way through the crisis.

There could be more contradictory methods to …

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