Entries from Asian Chemical Connections tagged with 'Eurozone crisis'
European Processors Bemoan Volatility
By John Richardson THE blog listened to an interesting discussion yesterday, on the first day of the 2nd ICIS World Polyolefins Conference in Berlin, during which plastics processors tackled the perennial issue of volatility. They complained that: *Trying to build...
APIC And Demand
Just an anomaly? Source: American Chemistry Council By John Richardson FEEDSTOCK advantage is, of course, crucially important, but so is demand. And yet the only subject that most people wanted to talk about in any depth at last...
Post-War Fabric Of Europe Under Threat
The excellent article below from Paul Taylor at Reuters, which with his permission we publish in full below, describes how the European crisis is far from over, despite the hopes of financial markets following Mario Draghi's pledge "to whatever it...
China Higher-Value Processors Exert More Pressure
By John Richardson ALTHOUGH overall Chinese polyethylene (PE) demand, as we feared would happen, has fallen back to Q1-Q3 2012 levels (current sentiment suggests that it could be even lower), higher-value segments of the industry continue to do very well....
Chemicals In A Vicious Cycle
By John Richardson OIL prices could fall to as low as $35-40 a barrel or might slip no further than $60-70 a barrel, depending on which analyst you belief. And we know of one global polyolefins company...
Greek Election Results Change Nothing
By John Richardson HOW long will the relief rally last in oil and equity markets following the Greek election results? Sadly, the answer is not long, because difficult discussions lay ahead for the New Democracy party as it tries to...
Canton Trade Fair Disappoints
By John Richardson THE total value of export orders at the latest Canton Trade Fair, which finished this weekend, declined by 4.8% compared with the previous event in October last year. This is the first decline in the value...
A Polyolefin Trader's Perspective
By John Richardson Word for word, see below what an Asian polyolefins trader told us yesterday: "This year has been absolutely terrible, the worst I can remember in eight years in this business, and even worse than 2008. There is...
The Planning Process Gets Harder
By John Richardson EARLIER this week we talked about the possibility that China might devalue the Yuan rather than allow it to further appreciate. We have since been told by a senior chemicals industry source that this is exactly...
China's Leaders Are Boxed In
By John Richardson IT seems inevitable that petrochemical markets will respond positively to the Chinese government's decision to reduce bank-reserve requirements by 50 basis points. There will quite likely be a relief rally in the Dalian Commodity Exchange's futures contract...
Dalian Reflects China-EU Risks
By John Richardson AT first glance it might seem strange that the Dalian Commodity Exchange's linear low-density polyethylene (LLDPE) futures contract has fluctuated so dramatically on news emanating from the Eurozone. The May 2012 contract - the one most actively traded...
PTA And PX Keep Sliding
By Malini Hariharan Asian spot prices for polyester raw materials continued to fall last week as concern on lack of buying support from the China market where concerns about the health of the global economy dampened sentiment. Purified terephthalic...
The New Normal World In 2021
By John Richardson ALL of us would love to be able to see into the future. Chapter 4 of our new eBook, 'Boom, Gloom and the New Normal', does just this. It offers 10 predictions about how the world will...
More On China And Stimulus Hopes
By John Richardson THE fact that the focus has turned to what China might be able to do to once again rescue the global economy reinforces just how important it has become for global growth prospects. For the chemicals...
Chem Companies And The Oil Delusion
By Nigel Davis and John Richardson On the financial markets it depends when investors feel confident enough to step back into shares. An analyst on Tuesday asked who would be willing to catch a falling knife? But there are already...
China To The Rescue Again? Unlikely....
By John Richardson AS the global economy enters a new recession the great hope, as we discussed yesterday, is that China once again steps in with a stimulus package as did in late 2008.But can China risk a repeat of...
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