Archive | April, 2013

ChinaEconomyBangkokChinaSeminarMay2013.png

China Affordability Challenge

By John Richardson

THE “gold rush” is over in China”, Fran├žois-Henry Bennahmias, chief executive of Audemars Piguet, a Swiss watch company that is closing six of its 22 stores in China, told the New York Times.

Swiss watch exports to …

Continue Reading
China%20elec%20Apr13.png

One In Three Chance Of 5% China GDP Growth

By John Richardson

THERE is a one in three chance of China’s real GDP growth averaging 5% or less over four consecutive quarters before the end of 2014, warns Nomura, said Bloomberg in this article.

And the bank added that …

Continue Reading
Triangle.png

Sinopec And The Blog’s Favourite Triangle

By John Richardson

ONE of Sinopec’s subsidiaries, Shanghai Petrochemical, has weighed-in to the debate over US shale gas by warning that cheap petrochemicals imports from the States could erode the whole of China’s competitiveness.

“We can’t tell how severe the …

Continue Reading
NatpetCEO.bmp

The Saudi Feedstock Debate Intensifies

By John Richardson

THE debate about the future competitiveness of Saudi petrochemicals versus the US is heating up.

In January, we reported that Jamal Malaikah (see picture), the president of Saudi polypropylene (PP) producer National Petrochemical Industrial Co (NATPET), had …

Continue Reading
HSBC-flash-China-PMI-March-2013.gif

Beijing: China Deceleration On Track

Source of chart: http://blogs.ft.com/beyond-brics/ 

 

By John Richardson

THERE has been a hugely important shift in the attitude of China’s central government. In the old days, when they set a target of say 12% national industrial production growth for a …

Continue Reading
plastic.jpg

China’s Cancer Villages

Source of picture: Wikispaces.

 

By John Richardson

CHINA has as many as 400 “cancer villages”, with many of the cancer clusters being blamed on the chemicals industry.

Much of the nation’s countryside – the source of China’s food supply - is contaminated …

Continue Reading
Henry.png

Players In Europe And Asia Are Serious About Cheap US Ethane

A fascinating guest blog post by my colleague, Nigel Davis (see below) explores how excess US ethane supply could help raise the competitiveness of European and US crackers. Provided, of course, that there is sufficient demand.

By Nigel Davis

IT …

Continue Reading

China’s “Overwhelming” Overcapacity

By John Richardson

A HOPE being expressed by chemicals and polymer traders and producers the blog has spoken to this week is that the surge in lending in China during the first quarter will result in stronger GDP growth later …

Continue Reading
Beijing_smog_comparison_August_2005.png

When Lower Growth Is Good News

 

Beijing

Life on the left, with lower growth, or life on the right with a higher GDP number. What would you choose?

Source of picture: Wikimedia

 

By John Richardson

WHEN is lower growth good news? Monday ‘s announcement that …

Continue Reading
Chinacreditbinge.png

China GDP Slowdown No Surprise

By John Richardson

ALL but two analysts out of a Bloomberg survey of 41 over-estimated China’s first-quarter GDP growth.

Monday’s announcement of the 7.7% increase – pushing China in to the longest streak of expansion below 8% for 20 years …

Continue Reading