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China Polyethylene: Unreal Growth Numbers

By John Richardson

One of the explanations we have heard for the 20% increase in China’s polyethylene (PE) imports in H1 2014 over the same period last year (see the chart below) is, as we discussed last week, a surge …

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China PTA Imports Halve As Exports Surge

By John Richardson

CHINA’S purified terepthalic acid (PTA) imports fell to just 751,000 tonnes in the first half of this year compared with 1.56m tonnes in H1 2013. Meanwhile, exports increased to 232,000 tonnes from  only 27,000 tonnes.

The sad …

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China MEG: Understanding A Doubling Of Inventories

By John Richardson

THE chart above shows how mono-ethylene glycol (MEG) coastal inventory levels in China have more than doubled since 2010. One explanation might be that the substantial increase in MEG demand since 2010 means that inventories, as a …

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China Polyethylene ‘Real” H1 Demand Growth At 4-5%

By John Richardson

CHINA’s polyethylene (PE) real demand growth – i.e. resin that has actually gone into the manufacture of finished goods – rose by 4-5% in the first half of 2014 over the same period last year, said sources …

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Demographics And “The Internet Of Things”

A DECADE from now, you might wake up in the morning and:…

Step on scales that quickly shoot data to a service provider that helps you decide how long and hard to exercise on the treadmill that day.
Brush your

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The Philippines: What A Fantastic Opportunity

By John Richardson

The Philippines is in a demographic sweet spot, according to the CIA factbook. In 2013, for instance, 34% of the population was aged between 0-14 and 19.1 was aged between 15-24.

This is potentially fantastic news if …

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China’s Polyethylene Data: Credible Answers Required

By John Richardson

THE extraordinary data on China’s polyethylene (PE)  market will not go away. We need credible answers.

To begin with:…

Imports were up by 20% in H1 2014 compared with the same period last year, according to Global

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China Polyester: Failure To Ask The Right Questions

By John Richardson

HERE is a historical account of what has gone wrong with China’s polyester industry:…

Apparel and non-apparel manufacturers were first encouraged to back-integrate to polyester fibres production and then to purified terephthalic (PTA) as the central government

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The Failure Of Abenomics Should Be No Surprise

By John Richardson

The steepest  decline in Japanese industrial production since March 2011 has shocked some commentators. We cannot understand why.

“Industrial output dropped 3.3% in June from May, the trade ministry said today in Tokyo, more than twice the …

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China: Value For Money Replaces Luxury

By John Richardson

IF you answer a knock on the door and a travelling salesman is offering you a deal that seems as if it is good to be true  – e.g. a top-of-the-range flat screen TV for just $100 …

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