Archive | March, 2013

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China Higher-Value Processors Exert More Pressure

By John Richardson

ALTHOUGH overall Chinese polyethylene (PE) demand, as we feared would happen, has fallen back to Q1-Q3 2012 levels (current sentiment suggests that it could be even lower), higher-value segments of the industry continue to do very well.…

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China Demand Worse Than Just Before CNY

By John Richardson

CHINA’S demand for polyethylene (PE) is lower than immediately ahead of the February Chinese New Year (CNY) break, said a Singapore-based polyolefins trader.

“For demand to be less than just before the New Year, when most traders …

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Less Bling, Please

Source of picture: Luxepost.com 

 

By John Richardson

CHINA’S industrial output has had the weakest start to a year since 2009 and retail sales growth has slowed, according to this article from Bloomberg.

New local-currency loans for February were also …

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Innovation: No More Time Left To Lose

 

 Source of picture: http://whyfiles.org/ 

 

By John Richardson

MY colleague Nigel Davis has written an excellent Insight article which highlights how some chemicals companies are seeking to respond to changing patterns.

As we have discussed before, Bayer Material Science …

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It Is Now Down To Seven Guys In A Room

 Source of picture: China Daily

 

By John Richardson

The famous investor, Jim Chanos, warned three years years ago that the West places an inordinate amount of trust in “nine guys in a room” (i.e. China’s Politburo Standing Committee) getting it …

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China NPC Underlines Inflation Focus

The course of true love never runs smooth…..Happy China couples get divorced and then plan to remarry in order to avoid new property tax

Source of picture: Quirky China News/Rex Features

 

By John Richardson

China will see “large inflation pressure in …

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Death By A Thousand Cuts

By John Richardson

COST cutting and disciplined operating rates have been two of the factors that have helped maintain European cracker and polyethylene (PE) profitability at pretty healthy levels since the onset of the global financial crisis in 2008.

So …

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We Told You So

By John Richardson

POLYETHYLENE (PE) prices in China fell by $5-10/tonne for the week ending 1 March, according to ICIS pricing.

“It is increasingly clear that Chinese growth will slow from the second quarter onwards and this will limit potential …

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China Coal Cap: What It Means For Chems

By John Richardson

IF China’s decade-long focus on coal-fuelled heavy industry is really coming to an end, as this article in The Sydney Morning Herald suggests, then the prospects for further approvals of coal-to-olefins (CTO) projects seem very bleak indeed.…

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Reassessing China Petchem Projects

By

John Richardson

Methanol-to-olefins (MTO) projects in China are subject to more disagreement over viability than any other group of petrochemicals investments, said HSBC in a report released last month.

HSBC, for example, takes a pretty negative view of the …

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