Tag Archives | oil prices

Oil Prices, Chemicals Markets Face Steep Declines

By John Richardson

THERE are three things you need to know about today’s global chemicals markets:…

Oil prices are now retreating back to quite probably below $30/bbl, and so of course there will be a chemicals destocking process.
But the

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China’s Gasoline Export Surge Was Entirely Predictable

By John Richardson

WHEN it first became apparent earlier this year that China was aggressively expanding diesel exports, we were told not to worry as this was said to merely reflect the replacement of China’s old economy with its new …

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Britain’s EU Exit Vote Reflects Lack of Trust In Expert Opinion

 

By John Richardson

MOST politicians, central bank governors, economists and business leaders told everyone that there was no way that the US housing market could drag the world into a global financial crisis.

Then we were told that China’s …

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US Economy: More Of The Same Will Not Work…

 

By John Richardson

US Federal Reserve chair Janet Yellen’s solution for the failed monetary stimulus policies of the last seven years? More of the same, which is a further signal to investors desperate for yield that they have little …

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Brexit, Other Uncertainties Undermine Seasonal Pricing Confidence

By John Richardson

FOR many, many years, seasonality has been a great guide to short term pricing patterns in Asian chemicals and polymer markets.

Take high-density polyethylene (HDPE) injection grade as just one example, which is used to make a …

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China Reformers Regain The Upper Hand

By John Richardson

THE above chart indicates that the reformers have regained influence in China:…

Whilst new loans from state-owned banks in May beat analysts’ expectations by a big distance, total social financing (TSF), which is the measure of all

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German Bond Yields Go Negative On End Of Economic Supercycle

By John Richardson

OIL markets remain fundamentally long. There is little to support the notion that the recent price rally has anything to do with anything but confidence that US interest rates will be lower for longer than had been …

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Oil Prices: Beware Return Of The Financial Bears

By John Richardson

THE above chart shows the extent to which this year’s oil-price rally has been led by futures markets. What is significant, though, is that futures activity seems to have plateaued.

Sure, futures activity could easily go the …

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China’s “Teapot” Refineries: Example Of The Bigger Picture

By John Richardson

IT is all about jobs, jobs and more jobs in politics. Promising to create and maintain employment is how politicians win office. And delivering on these two pledges keeps them in power.

But let’s not by cynical …

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Asian Polyethylene: Challenge The New Paradigm

By John Richardson

IT would be very interesting to go back to 2000 and compare the strength of positive sentiment towards the future of the Asian polyethylene (PE) industry to the above chart.

The chart shows spreads between naphtha costs, …

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