Hopefully, completely empty if you happen to live in China and can only afford to drink tap water. However, it’s not the environment that this is this week being viewed as the biggest threat to the economy, but rather inflation as this article from ICIS news explains.
Asian Chemical Connections
There’ s no hope for the planet
If anybody can spot the blatant hypocrisy, or disturbing ignorance, which is a prominent feature of the extended entry below, please feel free to comment. I expect the guy from Hood River will want to have his say.
A load of bull or rational exuberance?
I was in India this week as the Times of India carried a front page cartoon of a bull dressed in a Superman outfit with an ‘S’ on his shirt to mark the Sensex surging past 20,000. All the talk was of the index taking 20 years to reach its first 10,000 with the second […]
Is the world heading for a naphtha crisis?
Quite possiby says International e-Chem and Wood Mackenzie in a new study which predicts that by 2015, China could have a deficit of as much as 35m tonnes. When you consider that total global output is around 300m tonne/year, this is quite staggering. On paper, China should be balanced on naphtha because of a huge […]
More arguments against M-E price setting
The article below, from Sean Milmo of ICB, makes the case that the Middle East will not be able or willing to lead pricing in Europe during the next downturn because of the control that European producers will be able to exert on their home market.
The idiocy and hypocrisy of biofuels
I am having a go at the US here (see article below) – a pretty big target – but don’t worry, Asia is the next in line on this blog: the opportunistic, shallow and downright unpleasant palm oil-based biodiesel industry deserves similar treatment. As for ethanol, Rex Tillerson has a point. The CEO of ExxonMobil […]
The Middle East may set polyolefins pricing
This was the warning from Bob Bauman of Nexant ChemSystems at last week’s 25th Annual Petrochemical Conference in Houston, Texas. Read below for some rather gloomy predictions of where markets could be heading in 2011-12
How clean are coal-to-liquids? Does it really matter?
Paul Hodges, in his excellent chemicals and the economy blog, talks about the recent Shenhua Energy listing on the Shanghai stock exchange and how it shares jumped by 93% following the IPO. Now it has ample cash to pursue its ambitions. Shenhau is just one of numerous companies involved in coal-to-liquids projects in China which […]
Another great year for Asian polyolefins but……
……how long will it last is the inevitable question. Demand growth has been so strong so far this year with very little new production coming onstream that while crude oil and the price of monomers have set a floor for pricing, they no longer appear to be the main drivers behind fluctuations and increases; in […]
The world goes Upsize barmy
Standing in the queue for Starbucks (not McDonalds – no way, and my son’s going nowhere near that place) it’s so easy to opt for the half bucket-sized Grande option because, after all, we are all rich these days and anyway it costs hardly anything to “Upsize”. Walk around Starbucks and you’ll notice numerous Grande […]
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