An excellent new report from Citi's commodities team suggests the US supply/demand balance for crude oil is undergoing fundamental change. Importantly, they also argue that the concept of 'peak oil is being buried', and add: "The belief that global oil...
January was not a great month for auto sales in the 3 major markets of the USA, EU and China. These amount to over 50% of global auto sales, and are a key indicator of underlying consumer demand. As the...
This time last year, the petchem industry stood on the edge of an unseen precipice. Life seemed good. Prices were racing ahead and demand appeared buoyant. But in reality the buyers were only buying forward to protect margins, whilst end-user...
Greece's debt default saga seems never-ending. And it is tempting to hope that it only matters to those suffering in Greece and the PIIGS countries (Portugal, Italy, Ireland, Greece, Spain). But a look at auto sales trends since 2005 gives...
As promised, the blog looks today at the performance of US polyethylene (PE) exporters in Brazil. It was the fastest-growing of the major markets in 2011, as the wider economy benefitted from China's demand. Since 2008, Brazil's PE net imports...
US petchem producers are planning a major boost to ethylene capacity. They now have the 2nd cheapest feedstock in the world, due to ethane from shale gas. The only question is, where will they sell their product? Ethylene, of course,...
China's bank lending fell 7% in 2011, following a 17% decline in 2010. As the chart shows (red column), the government is clearly trying to stabilise the position, after the panic increase in lending in 2008/2009. (January lending, impacted by...
Over the past 18 months, the main investment analysts have argued that high oil prices would have no impact on the global economy. Now, new forecasts suggest their optimism has been misplaced. The chart above gives the International Energy Agency's...
Mahathir Mohamad is one of the Grand Old Men of the Asian political establishment. He was Malaysian premier from 1981 - 2003, and led its rapid modernisation and economic growth. Over the period, which included the Asian financial crisis, the...
Russia has been the great exception in regional chemical markets. Normally, production growth starts at a high level, often 15% a year or more, and then slows as markets become more mature. But in Russia, output collapsed with the Berlin...
Last April, China's polyester market provided an early warning signal that the current downturn was about to start. Now, it is flagging an important change in relative positions within the value chain. 9 months ago, the divergence between crude oil...
Short-term pressures have come to dominate financial markets in recent years. In turn, they have become dominated by high-frequency trading, which frequently accounts for over 60% of all market action. Their trading is not based on careful analysis, but on...
Dow Chemical is usually optimistic. 6 months ago, for example, it reported that "our transformed portfolio, underpinned by our cost-advantaged and flexible operations, is now performing at a new level." Last week, however, Dow reported that Q4 operating rates were...
The blog, like many readers, has become rather fond of the IeC Boom/Gloom Index since it was launched in June 2009. The aim to was to track market sentiment, and it continues to perform this task. It also throws up...
The US housing market was the original cause of the current financial crisis. It has gone quiet recently, but this does not mean that the problems are resolved. Quite the opposite, in fact. True, foreclosures have slowed recently, due to...
Unfortunately, many employees across the United States see the writing on the wall when it comes to their opportunities for advancement within the company they work for. Older workers are...
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The new year is rapidly approaching and for many, the new year signifies a new beginning. The job market hasn’t been the kindest in recent years, and numerous individuals have been left dealing...
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You know what your skills are, but do you know which skills employers are looking for? Match your potential with the right graduate job! By now you have read thousands of tips and suggestions on how...
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In this day and age, jobs are scarce. You may find yourself looking for work for many months before something comes up. If and when an interview opportunity does come up many people make the mistake...
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The job market is hard these days, and nearly all interested in obtaining a job are having to polish and re-polish their resumes and increase their education just to have a shot at getting an...
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The president has been campaigning all over the country for his jobs bill. However, at least one business leader can’t wait for Congress to do something about the jobs situation. Starbucks, the...
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Everyone knows that the economy has flatlined most of the job market. However, very few people have actually considered how the economy has changed the face of the job market forever. If the economy...
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Online colleges have long been in question for the type of education that they offer to individuals. For years, colleges and universities that solely offered courses online carried the stigma that...
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Are you looking to change careers or can’t decide which career path is right for you? Career surveys are a quick and easy way to determine your best career options that are tailored to your specific...
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When you join an organization, you don’t enter the door thinking about your next job change. You enter the door feeling enthusiastic, eager and ready to prove yourself. Somewhere along the line,...
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