Western financial markets are getting nervous that the US Federal Reserve will cut off their supply of cheap money. They went through the same panic in 2011. Now they again have to wait to see what happens. The chart of the new IeC Boom/Gloom Index above highlights the parallels: Markets were strong through April 2011, with the […]
Tag Archives | India
There is never a shortage of growth opportunities. But too often companies choose not to access them. Hopefully that won’t happen with the opportunity to supply millions of tonnes of polymer to meet India’s desperate need for toilets. As the blog wrote recently, 600 million Indians currently defecate in fields – as shown above in the photo – […]
As the blog discussed last week, it seems that a new type of leader is starting to emerge in some of the world’s major countries. Premier Narendra Modi in India, like President Xi Jinping in China, seems to be focused on achieving change – and not just on staying in power for its own sake. His […]
A new type of leader seem to be starting to emerge in China and India. President Xi Jinping in China, and premier Narendra Modi in India, are not spending much time studying the output of focus groups or investment bank analysts. Nor do they have ‘spin-doctors’ worrying about every phrase on the 24-hour news channels. Instead, they […]
India’s stock market has hit new records this week, as investors anticipate radical policy changes after election results are announced today. And the chart above highlights a key area behind the need for change, namely the problems of the important auto market: Indian auto sales dipped in April to just 183k (red square) This is […]
Its pre-election time in India, as the world’s largest democracy prepares to go to the polls next month. And so auto sales are receiving special attention from the politicians in advance of the vote. Thus the Finance Minister cut taxes last month on all models, to 8% from 12% for small cars, 2-wheelers and commercial vehicles; to […]
Autos remain the world’s largest manufacturing industry, and the single biggest source of demand for chemicals and plastics. According to detailed analysis by the American Chemistry Council, each new US auto is worth $3,539 in terms of sales – and involves a wide range of products including antifreeze, plastic dashboards, bumpers and windows, as well as upholstery […]
China’s auto sales moved past Europe’s in 2010, and are now close to US levels. But even China is not expected to maintain this surge in 2014. As the chart above shows, sales soared in the past few months (red line) versus 2012 (green). But as the automotive association explains, this was mainly because: “Panic consumption over […]
Since 2009, the 4 BRIC nations (Brazil, Russia, India and China) have been the focus of every car manufacturers’ dreams. Whilst the West worried about ageing populations and its financial crisis, the BRICs seemed to have moved into a new dimension. Today, however, reality is beginning to set in: Auto sales in Brazil (the world’s […]
The blog’s pre-Budget Outlook review of the major auto markets concludes today with Japan and India. Together they are 10% of the global market. But their development is an excellent example of how reality can overtake the wishful thinking of policymakers: Japan (red line) is the larger market. It has lived through countless government stimulus […]
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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 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.