Archive | October, 2010

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Chemical earnings engine roars

As they say in US NASCAR racing – gentlemen, start your engines! After a blip down in world stock markets on Tuesday, October 19, sparked by China’s quarter-point hike of a key interest rate as well as continuing fears in the US about the consequences of an ongoing investigation into improper foreclosures, bourses were back in the […]

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Japan consolidated

After years of discussions, Japan’s chemical industry is finally pushing ahead with major consolidation of its petrochemical facilities to boost competitiveness on the global stage. Japan’s largest chemical company Mitsubishi Chemical Holdings and Asahi Kasei, which will start up a joint venture company to unify their cracker operations at Mizushima on April 1, 2011. The […]

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The money spigots are on

As central banks around the world open the money spigots, prepare for a major reflation (or inflation) of asset prices. The impact is poised to hit commodities of all kinds – oil, fuel, metals and chemicals. Last week, the Bank of Japan announced it will pump $60bn into its economy by buying government bonds, corporate […]

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