By John Richardson JOHN Maynard Keynes, the famous economist and speculator , once said “the market can stay irrational longer than you can stay solvent.” In other words, if you are a trader you can sit around for ages waiting for the fundamentals to drive any particular market, and, as a result, go bust – […]
Asian Chemical Connections
China Govt Confirms Post-CNY Labour Shortages
The great news behind rising labour costs: Shan Dalin, pictured with his family, is a crane operator from Southwest China’s Guizhou province who has worked in eastern Zhejiang province for 10 years. In 2012, Shan’s monthly income rose to 2,800 yuan ($449) from lower than 2,000 yuan in 2008. [Photo/Xinhua] By John Richardson The […]
Demand Is The Thing
By John Richardson In the second of a series of three blog posts, we gauge the reaction of the market to last week’s sharp decline in polyolefin prices. Yesterday, we focused on the Middle East. Today, we interview a source with a Western-headquartered global polyolefin producer. He told us: “I have a dreadful feeling that […]
Foxconn And Chemicals
By John Richardson THE recent investigation by the US-based Fair Labor Association into Foxconn is a further indication of how China is transforming its economic model. It was found that Foxconn breached several Chinese regulations, including a maximum working week of 49 hours. The company is China’s biggest private-sector employer and manufactures 40 percent of […]
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