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  • Japan's industrial output collapses as exports dive

    Japan has an ageing population. Since 1990, it has relied on exports to boost its economy. Yesterday , official figures showed industrial production is now being badly affected by the global recession. Output fell 3.1% in October, and a 6.4% decline is expected in November. Observers forecast the September...
    Posted to ICIS Blogs (Weblog) by Anonymous on 11-30-2008
  • Budgeting for survival

    The blog prefers to be optimistic. But 30 years in the chemical industry has taught it to be extremely realistic. So it proposes 'batten down the hatches' is its motto for 2009. Chemical companies are likely to be sailing in some very rough seas, with treacherous currents and plenty of dangerous...
    Posted to ICIS Blogs (Weblog) by Anonymous on 10-19-2008
  • 'Demand and prices in free fall'

    The moment the blog has long feared, and warned about , may be about to arrive. It appears that we may be about to revisit 1980, when for some weeks it seemed that demand for many petchem products had simply stopped. As Nigel Davis notes in an excellent ICIS insight article , we are not there yet. But...
    Posted to ICIS Blogs (Weblog) by Anonymous on 10-07-2008
  • The blog's first birthday

    Its now a year since the blog started. Since then, 213 postings have appeared. It is now read in 72 countries and 620 cities (shown above). Most encouragingly, readership continues to steadily increase. Since January, it has risen a further 301%. The blog's aim is to identify 'the influences...
    Posted to ICIS Blogs (Weblog) by Anonymous on 07-05-2008
  • US auto sales collapse in June

    'Collapse' is not a word that should be used lightly in business. But there is no other way to describe June's US auto sales figures: GM reported June sales down 15% Toyota were down 12% Ford were down 28% Chrysler were down 36% These declines came in spite of the fact that 130 million households...
    Posted to ICIS Blogs (Weblog) by Anonymous on 07-03-2008
  • A tale of two outlooks – part 2

    In an early blog last July , I marvelled at the contrast between the then upbeat nature of financial markets, and the gloom apparent elsewhere. I suggested that these two views of life couldn’t ‘continue to exist alongside each other for ever’, and suggested that whatever scenario came out on top would...
    Posted to ICIS Blogs (Weblog) by Anonymous on 04-20-2008
  • US auto sales fall again in Q1

    Car sales are of major importance to the chemical industry. The ACC calculates each new car uses $2441 worth of chemistry . The declines reported below for March and Q1 do not, therefore, make pretty reading. March Q1 GM -13% -11% Toyota -3% -4% Ford -14% -9% Chrysler -19% -16% Even more discouraging...
    Posted to ICIS Blogs (Weblog) by Anonymous on 04-03-2008
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