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US Housing: The Demand Conundrum

By John Richardson WEALTHY people don’t buy most of the world’s chemicals and polymers production because there are not that many wealthy people in the world – especially in the US these days. The Economist, in it’s the World In 2014 magazine, writes of the US economy:  “Much of the growth in GDP has gone […]

US Housing Recovery 74% Below The Peak

By John Richardson “People are tired of being depressed and looking for any little source of light to feel positive. Even companies are resorting to this and forecasting margin and earnings recovery though there is no strong data to show this is going to happen,” said a chemicals industry source. Take the US housing market […]

US Housing Market – Real Recovery?

Source of picture: Rex Features   Today, we are running a guest blog post from Brian Spero,who is a financial contributor for the online resource, Money Crashers Personal Finance, where he writes about economic policy, real estate, and home improvement.  As the chemical industry keeps a watchful eye out for tangible proof of an improving […]

US Chemicals Slowdown

US PE contract pricesBy John Richardson THE American Chemistry Council’s Mid-Year Situation and Outlook Report, which was released this week, helps explain the background to the weakness in demand seen in the US polyethylene (PE) market. What goes for PE will, of course, apply to the rest of the US petrochemicals business. In the case […]

China To Grow at 3 Percent

By John Richardson THE possibility that China’s economy may not expand as rapidly in the future as in the past is never discussed in public by resources-company CEOs, said an Australian-based stockbroker. His comments ring true for petrochemicals, also. The blog is struggling to find a senior executive willing to discuss this possibility on the […]

How Can This Year Not Be A Let Down?

    Ali Naimi, Saudi Arabia’s oil minister, suggests more oil supply could be on the way       Source of picture: stonesoupstationblogspot.com   By John Richardson CHEMICALS analysts at HSBC have added further weight to the argument that 2011 could well turn out to be a year of disappointment following the very high expectations set […]

Chemicals Growth Story Gets More Complicated

A Velozzi plug-in hybrid Source of picture: www.zerauto.nl.blog   By John Richardson Doom-mongers are claiming the end is nigh with the world heading for a double-dip recession. This is happening at the same as the optimists are talking of the world entering a new sunny upland of sustained exceptionally strong emerging-market growth, which will more-than […]

THE US: Recovery, What Recovery?

    Source of picture: http://www.infiniteunknown.net/   By John Richardson CORE consumer prices in the US declined for the first time in December since 1982, according to the latest American Chemistry Council (ACC) Weekl;y Chemistry and Economic Trends report. And the ACC’s latest monthly set of forecasts – compiled through averaging the predictions of “a […]

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