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China Jan-Feb Polyethylene Imports Fall 22%

By John Richardson

CHINA’S polyethylene (PE) imports declined again in February, and are down by an average of 22% over both January and February of this year compared with the same period in 2014.

SOME people will tell you that …

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Sinopec’s Role In China’s New Normal

By John Richardson

SINOPEC has published its first-ever environmental report, as fellow blogger Paul Hodges points out in this blog post.

What an amazing turnaround. Before the pivotal November 2012 Third Plenum meeting, there was little pressure on Sinopec or …

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The US Must Wise-Up And Back China

By John Richardson

AUSTRALIA has very sensibly reversed its decision not to join the China-led Asian Infrastructure Investment Bank (AIIB). This is the first good policy move I can think of since Tony Abbott became Australia’s prime minister.

And with …

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Oil Supply Rising On Efficiency Gains, Govt Policy

By John Richardson

FOR most of the time from 2009 until the end of H1 2014, understanding what was going on in petrochemicals markets was pretty easy.

The price of oil was stable in the region of $100 a barrel …

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China Jan-Feb Polyolefins Production Underlines New Direction

By John Richardson

Here is another chart to consider as you, hopefully, dismantle and completely rebuild your strategy for China:

It shows that in in January-February of this year compared with the same period in 2014, China’s polyethylene (PE) production …

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PetroChina and Sinopec Will Never Be The Same Again

By John Richardson

CHINA’S two giant state-owned oil, gas, refining and petrochemicals companies have enjoyed many fantastic years during which they could do just about what they liked, according to an increasing number of critics.

“You can’t control them,” an …

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China’s New Investment Bank: Either Join Or Lose Out

 

By John Richardson

THE UK, first of all, agreed to join the China-led Asia Infrastructure Investment Bank (AIIB) and now France, Germany and Italy have followed suit.

Encouragingly, also, in one of the few good decisions since he came …

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US Fed Cannot Solve Deflationary Crisis It Has Created

 

By John Richardson

ALL eyes will be on the precise detail of the statement the US Fed issues after its latest Federal Open Market Committee (FOMC) meeting, which takes place today and tomorrow (March 17-18).

Many analysts think that …

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China’s Polyolefins Recovery On Shaky Ground

By John Richardson

CHINA’S polyolefins markets were in a muddle last week as a result of resilient offer prices for imported material versus a fall in pricing for domestic cargoes.

Domestic polyethylene (PE) prices were largely softer, but local distributors …

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China Jan-Feb Deflation Deepens, Growth Collapses

By John Richardson

CHINA’S economy is now showing signs of extreme weakness, according official year-on-year data for January-February:…

Fixed asset investment, the biggest driver of growth in China’s economy, rose by 13.9% – the weakest rate of expansion since 2001.

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