Yesterday, the blog worried that oil prices were well out of line with fundamentals. It argued that momentum trading, highlighted by MF Global’s energy VP, Mike Fitzpatrick, had created a speculative mania. Today, it looks as though Fitzpatrick might agree. Quoted in the Financial Times, he notes “As fundamentals come more into focus, it would […]
Chemicals and the Economy
Pricing for profit
The price of a product is a key factor in determining the profitability of producing and using it. And a transparent pricing structure encourages liquidity, which enables price discovery to take place more easily between buyers and sellers. This is why I have long been a supporter of the London Metals Exchange (LME) initiative to […]
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