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China Property Prices Down 30-50 Per Cent

By John Richardson

A BIG reduction in real estate prices is now underway in China, creating the potential for more property/chemicals traders to go bust.

The China Daily reports that home prices in suburban areas of Beijing, Shanghai, Shenzhen and …

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US And Europe Polyolefins Raise Exports

By John Richardson in Houston, Texas

DESPERATELY weak polyolefin demand in both the US and Europe is resulting in an increased focus on export markets.

The US market appears to be in particularly severe distress with, as we discussed last …

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LDPE No Longer A “Speciality Polymer”

The shoe might now be on the other foot (ouch…apologies)

 

Source of picture: http://5magazine.files.wordpress.com/2010/09/reebok_zigtech_5-570×5371.jpg?w=606&h=570

 

 

 

By John Richardson

NOT so long ago several major producers were evaluating new investments in low-density polyethylene (LDPE), as the almost-serious comment …

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US PE Exports To Flood China

By John Richardson

SPENDING time with your customers is always a good idea, but doing so seems to have become even more important during a very difficult year for China’s polyolefins business.

The reason is a split between the fortunes …

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More trouble for paraxylene ACP

By Malini Hariharan

In yesterday’s post the blog made a reference to the difficulty in settling the October Asian contract price (ACP) for paraxylene (PX).

Wide differences in price expectations have held up negotiations with buyers rejecting producers’ initial efforts …

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The Rest Of 2011 A Write-Off

By John Richardson

SORRY to be yet again a bearer of bad news, but the awful China market continues to reflect a reality on the ground that remains in contrast to the views of chemicals analysts and top industry executives.…

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Structural Threats To 2012 China Rebound

By John Richardson

SERIOUS structural problems with China’s economy threaten another disappointing year for polymer demand following flat, or even negative, growth for many of the major synthetic resins during 2011.

Last week the blog visited Singapore and held discussions …

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Middle East-China PE Exports Up 60%

By John Richardson

NORTHEAST Asian polyethylene (PE) exports to China fell by 34% in January-August this year compared with the same period in 2010 as Middle East shipments surged by 60%, according to Global Trade Information Services – click here …

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China Refining: Where Is It Heading?

By Malini Hariharan

Yesterday’s post talked about refining capacity additions in China and India over the next few of years and how this will contribute to weak refining margins across the region.

The blog obtained a preview of a presentation …

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Asia refining: tough times ahead

By Malini Hariharan

The going has been good for the refining industry this year but analysts are predicting a weaker 2012 and 2013.

UBS for instance, expects complex refining margin in Asia to fall 20% in 2012 from the average …

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