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Asian Chemical Connections

China Commodities Rally About Protecting Existing Debt

By John Richardson OVER the last few days we have focused on the increased risk-on trade in commodities, including petrochemicals. But maybe the rallies we have seen  in products such as fibre intermediates and polyethylene (PE)  are mainly about traders being forced to increase their risk profiles in order to protect existing liquidity. Here is the […]

China Credit, Commodities Bubble

By John Richardson China announced last week that its state-owned banks had lent Rmb1.07 trillion ($172m) in January, which was more than double the amount in December. Financial markets have taken as evidence that the economic recovery has gained momentum. But when you combine January-February lending for 2012 in order to get rid of the […]

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