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Asian Chemical Connections

Is the elephant about to fall off the bike?

As Paul Hodges notes in his Chemicals and the Economy blog https://www.icis.com/blogs/chemicals%2Dand%2Dthe%2Deconomy/, China’s Finance Minister quit this morning – either over his role in a sex scandal or because inflation and the stock markets are out of control. Petrochemical demand growth has been booming in China because, as a bureaucrat put it shortly after WTO […]

The global credit crisis is going to last

The collective sigh of relief was almost audible late last week when the Fed cut its discount rate – the rate banks charge each other for lending. Action from other central banks, including the European Central Bank, could follow this week. Analysts also rate the likelihood of the Fed cutting its formal interest rate at […]

Construction crisis? What crisis? China leads the way

As the Middle East struggles to find labour and raw material supply with contractors’ order books bursting at the seams, the Chinese seem to have no difficulty in executing their projects. See below for detailed analysis of what’s happening with the current wave of Chinese crackers. Suffice to say here that nearly all of China’s […]

The fallout for petrochemicals from Iraq

As everyone focuses on when the next downturn might arrive, macro issues such as the implications of a likely US withdrawal from Iraq are rarely publicly discussed. But if I were on the board of any company making investment decisions, I’d be worried. If the US withdrawal from Iraq is well managed then fears such […]

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