By Malini Hariharan (Malini is now joint blogger for Asian Chemical Connections) It helps to have a commodity bull on your side and that's just what the Dalian Commodity Exchange (DCE) has succeeded in doing. Jim Rogers, the noted investment...
The Chinese government appears to have an important objective to achieve while promoting commodity futures trading in the country? A report in today's Wall Street Journal says that the government is positioning its futures markets in setting world prices for...
The views of two Singapore-based chemicals traders explain some of the fundamental shifts in production, logistics and demand since the economic crisis began. "I have done reasonable business this year and made quite good returns, but volumes are way down," said...
Polyolefin producers doing RMB business in China were delighted when price increases on the Dalian Commodity Exchange linear-low density polyethylene (LLDPE) futures contract started leading the physical market on the way up. "We used the exchange to justify charging...
Source of picture: 1st-commoditytrading.us It's only one comment from one consultant, but this is what he said today about the growing role of the Zhenghou Commodity Exchange's purified terephthalic acid (PTA) futures contract. "PTA futures have been exerting a...
Source of picture: waittilnextcentury.blogspot Back to an old theme, the Dalian Commodity Exchange, this story from ICIS news talks of how physical cargoes are being bought and then sold at a price fixed now for November delivery. At the...
Make your own mind up about the role of the Dalian Commodity Exchange linear-low density polyethylene (LLDPE) and polyvinyl chloride (PVC) futures contracts from the interviews below.The first quote is from Sinopec - from an ICIS news story. There then...
Source of Picture: http://blogs.suntimes.com/ebert/ We have just started doing our research and so more details later - but see attached this Excel spreadsheet - lendingVDalianOI.xls It compares the increase in lending from China's banks with the amount of open...
My last blog entry quoted a North American industry source who was concerned over the potential for physical delivery on the Dalian futures exchange to flood the real market and send prices crashing. In my ignorance of how futures markets...
As I've been warning on this blog for some time, the explosion of credit in China has created a great deal of paper-bottomed optimism over the recovery. Fitch, the ratings agency, has just raised its macro-prudential risk indicator ffor...
Could the chemicals industry be in danger of wanting to believe something so much that ignores overwhelming evidence to the contrary? The widespread perception is that China's economy has reached a turning point. "The worst of the crisis is...
Referring to the famous story about how Joseph Kennedy sold his shares on the eve of the Wall Street Crash after being given investment tips by a shoe-shine boy, my answer to the above is a definitive YES. Over...
See the piece below. I suspect polyolefin pricing will fall a lot further: A Singapore-based polyolefin trader took a telephone call during a lunch meeting a few weeks ago from his counterpart on China's Dalian Commodity Exchange (DCE). "Sell,...
Bear Stearns, Dalian Commodity Exchange, bear-market rally, China speculation, ethane versus naphtha prices, International eChem
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