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 […]
Asian Chemical Connections
Basell predicts tough times for polyolefins in 2009-10
Paul Cherry of Basell gave an excellent paper at the recent ICIS Olefins Conference – Download file Paul offers some hints on how to survive the next downturn, and provides some sobering predictions on operating rates. I bet that after 2009-10, or whenever the next downturn arrives, South Korea, Taiwan and Japan will further restructure. […]
Global Warming And The Impact On Ethylene
Please read this excellent piece from my colleague Nigel Davis, who is editor of the Insight section of ICIS news.Some further thoughts: if 46% of existing and 45% of future ethylene production is taken offline by flooding, just think of the impact on food pricing and distribution and the resulting social and economic chaos due […]
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