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Asian Chemical Connections

Goldman Sachs Changes Its View On Oil

By John Richardson OUR blogs are awarding themselves a pat on the back today. The reason is that investment bank Goldman Sachs, the largest player in commodity markets, has completely reversed its analysis of oil markets. They now accept our view, and that of the blog we work with very closely with, Chemicals & The […]

HSBC: Speculation Adds $30 To Oil

By Malini Hariharan GROWTH in China and other leading economies has slowed and oil prices have slipped but analysts are predicting strong prices for the rest of 2011 and 2012. Their reasoning is based on continued speculative activity in this commodity and geopolitical risks in the Middle East . HSBC’s recent report on this subject estimates […]

Petchems And Tomorow’s OPEC Meeting

By John Richardson THE next OPEC meeting – which takes place in Ecuador this Saturday (11 December) – is crucial for petrochemicals for two reasons. Firstly, the crude market has turned bullish recently as a result of the early onset of winter in Europe and the growing belief that the oil-supply cushion is being reduced. […]

China PE Market Falls Prey To The Speculators…..

….again By John Richardson THE sharp fall in polyethylene (PE) pricing in China is being blamed on speculative acquisition of cargoes by traders in March and a rise in local production. Apparent consumption (imports plus local production) is reported to have surged to 1.7m tonnes in March and 1.5m tonnes in April compared 1.3m tonnes […]

Taking Back Control Of Crude Markets

Goldman Sachs is talking about crude oil at $85 a barrel by the end of the year. Sound familiar? Not quite forecasts of $200 a barrel, but is there a danger of repeating the mistake that the James A Baker III Institute on Public Policy claims was made in 2008? In a new report, the […]

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