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China: Again, Please Listen To Us: “No Change In Direction”

By John Richardson

China’s Premier, Li Keqiang, could not have been clearer in comments that he made on Monday during a meeting with some of the country’s top corporate leaders.

He told business leaders that the government aimed to create …

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New Silk Road Part 2: How China Will Win

Here is the second part of my thinking on what China’s New Silk Road means for the global chemicals industry. Part One appeared last Thursday.

 

By John Richardson

PER capital GDP in Yunnan province in China’s southwest was just …

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India’s Republic Day: Just Think What Can Be Achieved

By John Richardson

TODAY is Republic Day in India and so I hope that what comes next will not be seen as overly negative.

But I think it is essential, as the New Normal develops, that we have an open …

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Oil Prices: Did You Heed All The Warnings?

By John Richardson

THE $30 a barrel price of crude at or below which some Asian naphtha cracker operators could be forced to exit the business is an increasing possibility.

Here is why:…

This January’s stockpile of crude in the

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How China’s New Silk Road Is Reshaping Global Chemicals

By John Richardson

THE red line on the map below, from the Washington Post, shows the world’s longest-ever freight-train journey, which began on 18 November in Yiwu, the largest wholesale centre for small consumer goods in China.

It ended 21 …

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China: Counting The Cost Of Wrong Analysis

By John Richardson

VERY few people listened when I warned in November 2013 that China’s economy was about to enter a “New Normal” as a result of the biggest about-turn in economic policy that China had seen for at least …

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China Would Be The Only Winner From A Price War

By John Richardson

IT IS dangerously wrong to still think of China as just a cheap, copycat low-value manufacturing nation. Yes, cheap, agreed, and to begin with, as was the case with the US, it has copied other countries’ technologies.…

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Asian Polyethylene: Inventory Losses Threaten Survival

By John Richardson

HERE are some observations, from several discussions with market participants this week, about what is happening in China’s key polyethylene (PE) market:…

If the oil price stays at $40-50 a barrel then payment collection from local customers,

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Chemical Sales, Capital Spending In A Weaker Oil-Price World

By John Richardson

THE above chart shows the top 23 of the latest ICIS Top 100 ranking of global chemicals companies by sales in US dollars for 2013.

When the 2014 numbers have been fully compiled and released later this …

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This Is No Way To Run Companies In The Future

By John Richardson

WHEN the history of 2015 is eventually written, there will no doubt be some petrochemicals industry executives who will say, “I simply didn’t see this coming”.

This will to some extent be disingenuous as for share price …

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