Tag Archives | oil prices

China Growth Slows On Collapse In Shadow Bank Financing

By John Richardson

YOU should print-off the above chart and stick it on your chemicals company boardroom wall. From fellow blogger Paul Hodges, it shows the collapse in credit issued via China’s shadow banking system.

It is the shadow banking …

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Stock Market Threats Far Wider Than Just North Korea

By John Richardson

LAST WEEK’S steep fall in global stock markets was of course the result of rising US-North Korea geopolitical tensions. Some $1 trillion was wiped off equity values. We obviously all hope that the geopolitical tensions will ease.…

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China PP Market Outlook for H2 And 2018

By John Richardson

AS IS the case with polyethylene (PE), China’s polypropylene (PP) market continues to catch up with the underlying realities of demand growth.

If you recall, in Q1 of this year PP net imports (imports minus exports) grew …

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China-led Global Downturn Could Again Happen In September

By John Richardson

WHEN the Americans and the Europeans come back from their summer holidays in September it seems quite possible that they will see history repeat itself.

It was of course from September 2014 onwards that commodities prices started …

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Failed Pursuit Of Inflation Creates Major Economic Risks

By John Richardson

BUILDING UP lots of debt isn’t a problem if it leads to inflation that then inflates-away the value of some of that lending.

And debt-induced healthy increases in inflation also show that all of that lending has …

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Crude: Global Deflation Still Threatens $35 A Barrel

By John Richardson

HOW you view any set of data depends on where you are standing. A hedge fund manager who has gone long on crude oil might, for example, have been encouraged by this report in the FT last …

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China’s PE Imports: Recycling Ban Adds To Uncertainty

By John Richardson

FOR the time being at least, the year-on-year growth in China’s polyethylene (PE) net imports (imports minus exports) has fallen.

In January-May 2017, net imports were up by no less than 19%. However, the January-June increase is …

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China PP Demand Surprises On The Upside, But Oil Threat Remains

By John Richardson

CHINA’S PP market, provided oil prices don’t further collapse, seems to be pretty close to the end of a destocking cycle that stretches back to February of this year, when the post-Lunar New Year traditional surge in …

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US Govt Policy, Weaker China Indicate Further Oil Price Decline

By John Richardson

OIL markets have reached an important tipping point as the bulls and the bears try to exert decisive influence.

There is resistance from the bulls which helps to explains why, after last week’s collapse in oil prices, …

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Tumbling Oil Prices: Implications For Asian Polyethylene

By John Richardson

DON’T say that I didn’t warn you. Oil prices now look much more likely to hit my forecast of $35//bbl, or lower, by Q4. Such is the downward momentum right now in crude markets that it is …

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