The chemical industry is the best leading indicator for the global economy. The slide in operating rates (OR%) around the world during the seasonally strong Q2 period. is a clear warning that global economic growth may be stalling. This should be a major wake-up call for anyone still hoping that growth may recover to the Boomer-led SuperCycle level. The latest update from […]
Tag Archives | chemical industry
2011 has been named International Year of Chemistry by the United Nations. The date coincides with the centenary of Marie Curie winning the Nobel Prize for Chemistry. A range of activities is being planned on a national and international basis to support the Year. It gives the industry a welcome chance to promote the positive […]
The blog continues to go from strength to strength. It is now read in 130 countries and 3680 cities, up from 111 countries and 2088 cities a year ago. Its readership is truly global, with the Top 10 countries including Benelux, China, France, Germany, India, Italy, Singapore, Turkey, UK and USA. It has also expanded […]
The irresponsibility of some parts of the global banking system continues to upset the blog. First, there was news that several banks are planning to award themselves huge ‘bonuses’, based largely on their trading success. Yet the money they are using for this trading has mostly been provided by central banks and governments. And it […]
The scale of the crisis in Asian economies becomes clearer, month by month. Exports account for nearly half of S Korea’s GDP. In January, these dropped 33%. Of course, January is always a slow month, due to the Lunar New Year, but these figures followed earlier falls of 19% in November and 18% in December. […]
China faces a difficult outlook, after the collapse of its main export markets in the West. Interviewed by the Financial Times today, China’s premier, Wen Jiabao, sets out a pragmatic list of “forceful” actions that are now underway. Most are Keynesian measures, aimed at putting money in the pockets of those who are most likely […]
Bill Gross runs PIMCO, the world’s largest government bond managers with assets of nearly $700bn. In a new commentary, he pulls no punches about what he sees as the ‘gluttony’ of the super-rich amongst the private equity and hedge fund elite. He also takes aim at the lenders who, in his view, have been ‘too […]
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Paul Hodges is Chairman of International eChem, trusted commercial advisers to the global chemical industry.
The aim of this blog is to share ideas about the influences that may shape the chemical industry over the next 12 – 18 months. It will try to look behind today’s headlines, to understand what may happen next in important issues such as oil prices, economic growth and the environment. We may also have some fun, investigating a few of the more offbeat events that take place from time to time. Please do join me and share your thoughts.
Between us, we will hopefully develop useful insights into the key factors that will drive the industry's future performance.