China’s Demand For Lending In Steep Decline

By John Richardson

WHEN the demand for lending in any economy starts to decline, you know that the people who make up that economy have an understanding that things are likely to get worse before they get better.

Hence, chemicals …

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Global Petchems Industry Must Prepare For More Difficult 2015

THE direction of Asian polyethylene markets, once again, serves as a good guide for the overall global petrochemicals industry.

Producers in every region and in every sector of our industry should, therefore, take note of what follows. They must prepare …

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China’s Lending Up Just 5% As Govt Refuses To Blink

By John Richardson

CHINA’S official bank lending was up just 5% in January-August of this year compared with the same period in 2013, according to some more value-added data crunching by our fellow blogger, Paul Hodges.

It is  absolutely critical …

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China Excess Phenol Capacity A New Strategic Tool

By John Richardson

STANDARD Western cost-per-tonne analysis has never really been applied in China’s petrochemicals industry – and it never will be applied.

In the past, we have seen how petrochemicals plants have often been run at operating rates of …

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China Doing “More With Less” In Steel And Plastics

By John Richardson

CHINA is still a poor country relative to the West and here is why:…

Average per capita annual urban incomes in 2013 were just Rmb29547 ($4769), according to official government statistics.
Average per capita rural incomes were

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Eight Steps To Realising This Will Be Worse Than Lehman Bros

By John Richardson

WE are going through a process of realisation at the moment. It is not a linear process   – i.e. not all people will be at the same stage.

Equally, chemicals and other company executives will move backwards …

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Broad Commodities Sell-Off Threatens Petrochemicals

By John Richardson

IRON ore prices are now down by nearly 40% so far this year to a level not seen since September 2009.

As for crude oil, Brent has now dipped below $100 per barrel, for the first time …

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Another Hammer Blow For China Polyethylene

By John Richardson

CHINA is bringing down the hammer time and time again as it continues to play the whack-a-mole game.

The latest blow to one or several of the unlucky moles involves the People’s Bank of China’s (PBOC) decision …

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Walking Away From Reality At Tianjin World Economic Forum

By John Richardson

SOME of the world’s global business leaders don’t seem to get it.

This is the only conclusion we can reach from their reported reaction to Li Keqiang’s opening speech at the World Economic Forum in Tianjin, China, …

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Iron Ore and Petrochemicals Share The Same Delusions

By John Richardson

BACK in January we wrote:  “As China’s investment growth model is unwound – for economic as well as social reasons –  iron ore prices [will] decline significantly, leading to the failure of the smaller mining companies and …

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