Entries from Chemicals & The Economy tagged with 'Dalian Futures Exchange'
China's economic "bubble" continues to deflate
This year's speculative boom in China's economy, created by major government lending and stimulus programmes, now seems to be ending. The evidence for this is in the above chart, showing LLDPE futures trading on the Dalian exchange. This hit 80...
The China "bubble" begins to deflate
China's perceived demand has been the major driving force behind the rallies in financial and commodities markets this year. It has also attracted large volumes of polymer imports. But this wishful thinking ignores the fundamental issue that China's economy is...
Smart money leaves Dalian
A key rule for any successful trader is that high volume is always bullish, and low volume is negative. The blog first learnt this when trading oil products in Houston, on secondment from the UK in the 1980's. And it...
China's speculative surge slows
Q2 saw an outburst of speculative frenzy all around the world, and in a wide variety of financial markets. China's Dalian futures market saw LLDPE volume soar to 80 million tonnes - around 4 times total annual world demand. China's...
Hopes of China recovery "premature" - World Bank
The high level of speculation accompanying China's apparent economic revival worries the World Bank. "Until we see a recovery in private investment, it's hard to get too excited about the future," according to David Dollar, the Bank's country director for...
BASF sees "weak demand", traders see recovery
BASF, the world's largest chemical company, said today that they see "weak demand for chemical products" continuing through 2009. In response, plants and sites "will be closed or sold where necessary". These are clear statements about the outlook, backed up...
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