Tag Archives | Interest Rates

September Will Be A Cruel Month

By John Richardson

SEPTEMBER is going to be a cruel month when the West returns from the summer holiday period and the extent of damage to chemicals and polymer demand becomes more apparent.

In Asia, temporary supply constraints in polyolefins, paraxylene (PX) and …

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China Real Estate: When Is A Bubble A Bubble?

 

 

 

Source of picture: www.managingthedragon.com

By John Richardson

I love the phrase used by Andrew Peaple of the Wall Street Journal in this article on China’s property “bubble”: Getting a straight answer is like “nailing jelly to a …

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Some Very Crude Perceptions

Source of picture: www.prisonplanet.com

 

 

Misleading perceptions can be very dangerous – especially when they apply to the crude-oil futures markets.

“The price has more than doubled this year partly because of the belief that the recovery in Chinese …

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Another great year for Asian polyolefins but……

……how long will it last is the inevitable question. Demand growth has been so strong so far this year with very little new production coming onstream that while crude oil and the price of monomers have set a floor for …

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Will Japan’s rate rise do any good?

The Bank of Japan has decided to raise interest rates – from 0.25 to 0.5%. This could weaken the yen, thereby damaging the country’s export-led recovery. For the petrochemical players, the benefits of a 21-year low yen have been offset …

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Japan is still in search of a consumer recovery

Japan’s fourth quarter GPD growth of 4.8%, which was released today, exceeded economists’ expectations. However, although consumer spending rose by 1.1% on an annualised basis, this merely compensated for the 1.1% decline in Q3.
In addition, wages rose by only …

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Is India set to tank?

There seems to be a conspiracy of complacency about India. Read The Economist’s dire warnings. To be fair, the naysayers have been warning of an India collapse for years, But the longer that these imbalances are allowed to build, the …

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