By John Richardson A collapse in the price of oil would expose petrochemicals producers, buyers and traders who have built- up stocks. They built up inventories because oil was on the way up earlier this year. And they were also encouraged to stock-up because of more confidence over the Eurozone, relative to Q4 last […]
Asian Chemical Connections
Broad Commodities Retreat Hurts Chemicals
By John Richardson WE hate to say we told you so but the 15 per cent fall in oil prices last week – the steepest one-week decline in two-and-a-half years – was evidence of growing concern over the health of the global economy. And as we predicted on 12 April, last week saw a broad sell-off […]
Waiting for the cheques to clear….
…..and a January collapse PERHAPS commodity and equity markets will continue to keep denying the weak fundamentals until bonus cheques for fund managers etc have been signed and are in the bank. Fund managers, because of the way they are benchmarked, will be desperate to stick close to the performance of stock market indices, said […]
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