“Within 20 years, we will be an economy or state that doesn’t depend mainly on oil“. This critical statement from Saudi Arabia’s deputy Crown Prince has been lost in the hype surrounding Q1’s hedge fund-inspired rally in oil, commodities and Emerging Markets. There has seldom been a better example of markets failing to see the […]
Chemicals and the Economy
Reality battles illusion in world financial markets
“Buy on the rumour, sell on the news” is one of the most reliable definitions for a weak market. And that seems to have been the picture in Q1 across commodity, stock and bond markets. The key issue is the ongoing battle between Reality and Illusion: Reality accepts that ageing populations have lower levels of […]
China’s cotton auction key pointer for global economy outlook
Cotton markets are poised for another testing month in April. The outcome will also have potentially major implications for the polyester chain – and in turn for commodities markets more generally. The reason is that China has announced that its long-awaited cotton auction will take place in the second half of the month. Cotton stocks […]
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