By Malini Hariharan (Malini is now joint blogger for Asian Chemical Connections) Talk of Reliance Industries acquiring LyondellBasell is once again gaining momentum. A report in today’s Economic Times says that the company is close to announcing a major overseas acquisition with the target being part of the assets of LyondellBasell. The announcement is likely […]
Asian Chemical Connections
A fight to the finish
By Malini Hariharan (Malini is now joint blogger for Asian Chemical Connections) The Indian government has announced 17 November as the date for a public hearing to discuss the provisional anti dumping duties that it had imposed in June on imports of polypropylene (PP) from Saudi Arabia, Singapore and Oman. The hearing will give a […]
Some Very Crude Perceptions
Source of picture: www.prisonplanet.com Misleading perceptions can be very dangerous – especially when they apply to the crude-oil futures markets. “The price has more than doubled this year partly because of the belief that the recovery in Chinese oil-import demand is all about booming local consumption” said a source on the sidelines of […]
Time to look inward
By Malini Hariharan (Malini is now joint blogger for Asian Chemical Connections) It pays to have a domestic focus and Reliance Industries has shown this again in its results for the first half of fiscal 2009-10. Its petrochemicals division delivered Rs43bn in earnings before interest and taxes (EBIT), a 23.8% growth over the same period […]
Caution is the name of the game
By Malini Hariharan (Malini is now joint blogger for Asian Chemical Connections) Japanese chemical majors have raised their sales and profit forecasts for the second half of the fiscal year ending 31 March 2010, but the revisions are marginal and companies are still holding a conservative outlook. Earnings in the first half of this fiscal […]
More Muddle And Confusion
By John Richardson Manufacturers yesterday reported rising output and improved employment prospects in the US, Europe and Asia. China’s Purchasing Managers’ Index (PMI), involving a survey of more than 700 manufacturers, increased for the eighth straight month in a row – and is now back to where it was in May 2008. This is exactly […]
More evidence of China’s export rebound
Source of picture: Businesweek More evidence is emerging of the big rebound in Chinese exports resulting from government subsidies, including a Yuan now pegged to the dollar, soft and plentiful bank loans and export-tax rebates. More than 9,000 quality control inspections of goods set for overseas shipment took place in Q3 this year – […]
A fresh vote of confidence for the DCE
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 guru, will be a senior advisor to the exchange. Jim Rogers is, as always, positive […]
China Sept chemical import-surge data
More of the cheap stuff? Source of picture: www.thelocal.de Some of the China import data for September is now available – showing record-high imports of monoethylene glycol (MEG), ethylene vinyl acetate (EVA), polyacetal, polycarbonate (PC). “I have given up trying to figure this out. There is not sufficient accurate information anywhere to read a […]
China Export Gains Raise Sustainability Fears
Source of picture: www.msnbc.msn.com/id/23512037/ CHINA is making export gains at the expense of other higher-cost competitors that might not be sustainable because of reasons including rising trade protectionism and economic rebalancing. Chemical companies need to factor in this risk – and take into account how overall demand might merely be shifting location […]
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