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GDP Turns Negative In 11 Of China’s 31 Provinces

By John Richardson

CHINA has always been a complex and challenging place to do business, but at least during the Supercycle, you were guaranteed of this one thing: Strong economic growth across just about the whole of this vast country. …

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Too Good To Last for Asian Petchems? Yes

By John Richardson

IT has been a fantastic few months for the integrated Asian polyethylene (PE) producers as the above chart illustrates.

You can see that the average price for naphtha was $533/tonne CFR Japan in April. This compared with …

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China: Don’t Listen To The Stimulus Nonsense

By John Richardson

THE Shanghai Composite Index soared to a seven-year high yesterday on the hope that China’s government is about to launch more economic stimulus because of the release of another disappointing HSBC purchasing managers’ index (PMI).  Factory orders …

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Rudderless Australia Drifts On

By John Richardson

THERE used to be two certainties in life that everyone in Australia could depend on. We all know that the first certainty was, and sadly still is, death. But the second certainty was China acting as the …

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Shallow Discussions Versus Complex Oil Price, Economic Realities

By John Richardson

IT has been a very good year so far for European and Asian naphtha cracker operators, as the chart above illustrates. As you can see, in the case of high-density polyethylene (HDPE), naphtha-based integrated margins in 2015 …

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Your Seven-Point Guide To H2 2015 Oil Prices

By John Richardson

BEFORE you get carried away with the wholly misguided notion that we have entered into a “new normal” of oil prices in the region of $60-80 a barrel for the rest of this year, see below for …

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US Fed Reinvents 19th Century Boom And Boost Oil Markets

By John Richardson

ONE way of looking at the world is that central bankers know exactly what they are doing as they are Masters of the Universe.

These bankers have excellent degrees and doctorates from top universities bursting out their …

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China’s Latest Interest Rate Cut: The Essential Context

By John Richardson

CHINA lowered interest rates for the third time in six months on Sunday in a further attempt to limit the damage caused by economic reforms.

The two earlier rate cuts, and February’s reduction in the bank reserve-requirement …

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Why The New Belief In Oil-Price Stability Is Wrong

By John Richardson

THE new consensus view on oil prices,  based on my discussions with many delegate on the side lines of this year’s Asia Petrochemical Industry Conference (APIC) in Seoul, South Korea, seems to run roughly as follows:…

OK,

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China And The Lewis Turning Point: It Is Here

By John Richardson

FOR the last four years, my fellow blogger Paul Hodges and I have been consistently arguing that China was about to hit the Lewis Turning Point.

This is the point at which any country runs out of …

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