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Middle East-China MEG Exports Surge

By John Richardson

MONO-ETHYLENE glycol (MEG) exports to China rose to 4.12m tonnes in the first half of this year from 3.38m tonnes during the same period in 2011, according to data from Global Trade Information Services (GTIS).

The main …

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China’s Blown Up Growth

By John Richardson

CHINA’S steel production is expected to decline for the first time in 31 years during 2012. Yes, 31 years.

“The end of three decades of growth in a key industry will add to hand-wringing over China’s economy,” …

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“The Worse Things Get…..”

 

Chart sourced from: http://www.financialsense.com/

 

By John Richardson

“THE worse things get the better they are,” continues to be the mantra in financial and commodity markets these days.

For example, China’s inflation slowed to 1.8 percent in July compared with …

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What India Power Cuts Indicate

By John Richardson

India, along with China, seems unlikely to deliver the contribution to global economic growth expected by the International Monetary Fund as late as April of this year (see above chart).

In the case of India, last week’s …

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PVC’s Unsustainable China Growth

By John Richardson

POLYMER markets continue to tell us that China’s 2009-2010 economic stimulus programme delivered unsustainable demand growth.

China’s demand for polyvinyl chloride (PVC) surged from 10.9m tonnes in 2009 to 13.2m tonnes in 2010, according to Global Trade …

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China Coal-to-Olefins Ambitions

By John Richardson

SOME 10-15m tonne/year of coal-to-olefins (CTO) capacity in China is being considered, has already received approval or is in the planning stage, according to a report by Woori.

“Major coal companies, petrochemical companies and foreign petrochemical players are …

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Chemicals Demand Shift Will Not Be Smooth

 

By John Richardson

ADIDAS recently announced that it is to close its only directly-owned sportwear factory in China.

Many other similar factories could shut if Beijing sticks to its 12th Five-Year-Plan (2011-2015) promise to move up the industrial value chain.

The …

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China PE Demand Down 3 Percent

 By John Richardson

GROUND level economic conditions in China are still a lot weaker than headline GDP (gross domestic product) numbers suggest.

For example, a polyvinyl chloride (PVC) sales and marketing executive said: “PVC demand growth is going to be …

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Global Polyethylene Margin Picture

By John Richardson

ASIAN high-density polyethylene (HDPE) margins have improved in June and July compared with the rest of the year, according to the above chart from the ICIS Weekly PE Margin Report.

But the overall year-to-date trend illustrates how …

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Dow: China GDP Growth 3-5 Percent

 

By John Richardson

DOW Chemical’s Andrew Liveris has changed his views on China as a result of an economic slowdown that seems to have taken many people by surprise.

“China’s economy has continued to decelerate as European exports suffered,” …

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