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The Worst Things Get The Better They Are

By John Richardson

THE more that China’s economy weakens, the greater the hope of a recovery in the second half of this year.

This type of thinking was in evidence last week. The release of a raft of disappointing economic …

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China’s Inflation Challenge

By John Richardson

In our third post on the context behind last week’s steep fall in polyolefins prices,and the prospects for a recovery, we look at inflation – one of China’s numerous economic challenges…..I

NFLATION remains a major threat in …

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Demand Is The Thing

By John Richardson

In the second of a series of three blog posts, we gauge the reaction of the market to last week’s sharp decline in polyolefin prices.

Yesterday, we focused on the Middle East. Today, we interview a source …

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Saudi Worries About China Netbacks

 

 

By John RichardsonHere is the first of a three blog posts on what is happening in China’s polyolefins markets.

Today, we look at the Middle East and tomorrow and Thursday we present the perspective of traders and Western-headquartered …

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Asian Polyolefin Prices Tumble

By John Richardson

Asian polyethylene (PE) prices slumped by $90-130/tonne last week on the eurozone crisis, the fall in oil prices and the imminent arrival in China of large volumes of Iranian material, according to ICIS pricing.

A further factor …

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Butadiene Oversupply Threat

By John Richardson

THERE is a lot of talk at the moment about on-purpose butadiene, via the butane dehydrogenation process, because of the recent extreme market tightness .

The tightness is the result of a shift to lighter cracker feedstocks …

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China To Grow at 3 Percent

By John Richardson

THE possibility that China’s economy may not expand as rapidly in the future as in the past is never discussed in public by resources-company CEOs, said an Australian-based stockbroker.

His comments ring true for petrochemicals, also. The …

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Polyolefins And China Real Estate

 

By John Richardson

SOME polyolefin companies continue to present an optimistic picture of markets to investors.

They point to positive factors such as renewed economic stimulus in China and a recovery in auto production in Thailand following last year’s …

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Canton Trade Fair Disappoints

 

By John Richardson

THE total value of export orders at the latest Canton Trade Fair, which finished this weekend, declined by 4.8% compared with the previous event in October last year.

This is the first decline in the value …

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MEG Continues To Struggle

By John Richardson

THE above chart is a further illustration of what we believe is the wrong consensus view over China.

Q1 2012 mono-ethylene glycol (MEG) imports surged by 30% compared with the same period last year, as traders bet …

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