By John Richardson WHEN all you care about is making money on the next chemicals cargo, or on a recovery in financial markets, then the current “will they, won’t they?” question over whether China will launch a new round of economic stimulus makes every bit of sense. The debate grew more intense on Monday after […]
Asian Chemical Connections
It All Depends On Your Time Frame
By John Richardson HOW long a recovery lasts is always relative to your investment horizons. For example, if you are a day trader in the Dalian Commodity Exchange’s futures contract in linear low-density polyethylene (LLDPE), a rebound might only need to last 24 hours for you to make money. And if you are trading in […]
Anxiety Builds Over China Growth
Will growth spread quickly enough? Source of picture: www.oraclemarketplace.co.uk By John Richardson Global chemicals production had returned to 2006 levels by October of this year, according to this slide ACCProduction09Versus06.ppt from the American Chemistry Council (ACC). Worldwide chemicals growth rates might not return to 2008 levels until 2012, Jurgen Hambrecht, CEO of BASF, warned […]
China’s consumption growth challenge
“China, please please do what we did and spend what you might not be able to afford…” Source of picture: The Daily Maily Whether or not China’s pace of economic recovery will be maintained would have become an intensely boring topic of discussion if it wasn’t so important for all our livelihoods. More data specific […]
China’s Great Property Gamble
Source of Picture: Chinasnippets.com Perhaps this post will help explain why a perplexed Hong Kong-based financial analyst wrote to me the other day, in response to my probably failed efforts to adequately explain rising chemicals demand in China: “I stilll don’t understand why polymer imports from PP, PE, PVC, and even SM (+15% per month […]
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