Tag Archives | oil prices

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China Demand Worse Than Just Before CNY

By John Richardson

CHINA’S demand for polyethylene (PE) is lower than immediately ahead of the February Chinese New Year (CNY) break, said a Singapore-based polyolefins trader.

“For demand to be less than just before the New Year, when most traders …

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“Flabbergasted” By Weak Demand….

….In A Tale Of Three Markets.

By John Richardson

AS China introduces more measures to clamp down on an overheated property sector and the shadow-banking system, polyethylene (PE) traders regard this latest news cycle as yet another opportunity to go …

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Damage Limitation

By John Richardson

POLYETHYLENE (PE) prices crept up by $10-50/tonne for the week ending 22 February, according to ICIS pricing.

But, as the above chart shows, integrated high-density PE variable cost margins in Southeast and Northeast Asia remained very weak, …

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Low Equity Volumes Tell The Real Story

By John Richardson

The above chart is the most important indicator about why the current rally in equity markets is at high risk of a sharp correction.

Volumes in European markets (the blue line) and US markets (the red line) …

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China: The Politics Behind The “Recovery”

By John Richardson

THE overall HSBC flash purchasing managers’ index for January, which was released yesterday, was at a two-year high (see the above chart), with the sub-index of production at a 22-month high.

This is great news for equity values …

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Crude Oil Price Risks Escalate

By John Richardson

FINANCIAL speculators began to play an increasing role in crude-oil markets following liberalisation of financial trading rules, signed into law by Bill Clinton in 2000, as we argued in chapter 3 of our e-book, Boom Gloom & …

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The US Shale Gas Boom Will End

Don’t follow the herd… 

By John Richardson

ISN’T it amazing how we keep getting caught out by the unexpected, from the global financial crisis to  China is entering a period of much-lower growth?

No, not really. As long as we …

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Recovery? What Recovery?

By John Richardson

CHINA’S apparent demand for polyethylene (PE), which is a measure of local production plus imports, rose by 4% in January-September this year compared with the same periods in 2010 and 2011, according to Global Trade Information Services …

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World Heading For L-Shaped Recovery

Mr Bernanke, please take note

By John Richardson

The recovery is always six months away and so while most people have written-off the first half of next year, the hope is that by H2 everything will be back to normal.…

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Goldman Sachs Changes Its View On Oil

By John Richardson

OUR blogs are awarding themselves a pat on the back today. The reason is that investment bank Goldman Sachs, the largest player in commodity markets, has completely reversed its analysis of oil markets. They now accept our …

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