Tag Archives | ageing populations

Polyethylene Margins Face Collapse On Overcapacity

By John Richardson

THE consensus view is that whilst global polyethylene (PE) margins have further to fall from their levels so far in 2018 (see the above chart), they will not get that much worse. It is thought that the …

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US-China Trade War Draws Closer: Impact On Petrochemicals

By John Richardson

NOTHING that has happened over the last 24 hours should take you by surprise. Your petrochemicals company has had ample time to prepare for the US-China trade war that has now become a much stronger possibility following …

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China And US On Collision Course As Trade Tensions Build

By John Richardson

Yesterday, President Trump threatened to impose penalties on China for alleged abuse of intellectual property right rules. Below is the context behind way claims of abuses are likely to increase in the future.  This suggests that China …

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Stock Markets: Real Implications For Petchems and Risks Of A “Cynical Bubble”

By John Richardson

WHEN stock markets are rising, the proverbial garden can look as if it is blooming with summer flowers without a weed in sight.

But the underlying data suggest wealth inequality is still a major issue in the …

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House Of Cards Waiting To Fall: Oil, Equities And The Economy

By John Richardson

HOW much of the rise in oil prices since June of last year has been down to the fundamentals of supply and demand versus the hedge funds taking out a record number of short positions?

We are …

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US Stock Market Decline Highlights Consumer Spending, Income And Debt Risks

By John Richardson

THE SUSTAINABILITY of the US economic recovery rests on the willingness of people who cannot afford to spend money to continue to spend money.

In order to explain what I mean, let’s start with income and wealth …

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Petchems Face Major Inventory Risk As Economic Confidence Builds

By John Richardson

NOBODY knows how many tonnes of un-cracked naphtha are sitting in steam cracker storage tanks around the world compared with H1 of last year.

Or how much plastic resin and rolls of plastic film are being held …

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Why US Tax Reforms May Fail To Address The Big Challenges

By John Richardson

CORPORATE America is of course delighted with the biggest US tax reforms in a generation that seem very likely to pass unheeded through Congress this week and reach the president’s desk for final sign-off before Christmas.

What …

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China Environment Campaign Creates Global Inflation Threat

By John Richardson

THE ABOVE chart shows the major role that China has played in driving global inflation, deflation – and now inflation again – since 2008. There is a close link between the movements in China’s Producer Price Index …

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Crude Drives Asian Polyethylene Spreads To Three-Year Low As 2018 Risks Build

By John Richardson

IN MARCH 2016 we gave three scenarios for crude-oil prices:

Collapsing Demand where we saw crude falling to $25/bbl on weak global demand that would make it impossible to repay much of the huge debts that had…

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