Archive | March, 2013

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China Economic Policies To Get Tougher

By John Richardson

THERE will, of course, be bright spots in petrochemicals markets as a result of factors independent of China’s new economic direction.

For example, as an aromatics trader points out, there are huge paraxylene (PX) capacity additions in …

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Reviving Youngstown

By John Richardson

THE blog turned 50 last week and so spare it some indulgence, as it is in a somewhat reflective mood.

Yesterday, it attended a Bruce Springsteen concert in Melbourne, Australia – the great song writer/social commentator in …

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US has “23 Years” Of Gas Reserves

By John Richardson

Amidst all the continued excitement about abundant supplies of ethane in the US, some sceptics are still warning that all may not as it seems during petrochemicals company investor presentations.

“The US does not have 100 years …

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China Manufacturing Relocation Accelerates

Source of graph: Standard Chartered

 

By John Richardson

WORKING conditions matter as much as higher salaries for China’s emboldened manufacturing workforce, according to this article in the Financial Times.

“As the number of available workers falls, factories struggle not …

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Post-War Fabric Of Europe Under Threat

The excellent article below from Paul Taylor at Reuters, which with his permission we publish in full below, describes how the European crisis is far from over, despite the hopes of financial markets following Mario Draghi’s pledge “to whatever it takes” …

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Everywhere You Look

By John Richardson

EVERYWHERE you look across China’s petrochemical markets the story is the same as in polyethylene (PE): Exceptionally weak demand during a time of the year when demand should be good.

Take purified terephthalic acid (PTA) as an example.…

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China, Patronage And Innovation

By John Richardson

CHINA has to improve innovation if it is to avoid the middle-income trap.

Some people assume that success is a given because of China’s great achievement of lifting hundreds of millions of people out of absolute poverty over …

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The First Quarter Financial Results Dilemma

By John Richardson

EUROPEAN olefins markets have turned decidedly bearish, according to my ICIS colleague, Nel Weddle.

“Although the lack of pre-buying in February ahead of a much talked-about increase for March contract prices had been deemed a bearish signal, …

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China Labour Supply Threatens Productivity Growth

Chart compiled by the China Real Time Report blog. 

 

By John Richardson

NOBODY should be surprised about what is happening in China’s petrochemicals markets, as the signs have been there for many months that economic rebalancing would have to …

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Xi Jingping’s Challenges

By John Richardson

XI Jinping, who formally became China’s president last week during the National People’s Congress meeting, faces enormous challenges.

Life is, for example, pretty grim for hundreds of millions of people in China.

Many have lost out on …

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