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US Jobs Revival A Mirage

By John Richardson

THE US is well and truly back economically was once again one of the themes at this year’s Asia Petrochemical Industry Conference (APIC) in Pattaya, Thailand.

It was argued that shale gas has led to a manufacturing …

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China Reconsiders Petchems Targets

By John Richardson

CHINA has long set targets for petrochemicals self-sufficiency in each of its  five-year economic plans – and those targets have been pretty aggressive as the chart above, showing the recent rise in ethylene production, indicates. These have …

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China’s Evolving Autos Market: What It Means For PP

By John Richardson

THE tide of credit that lifted all boats in China meant that chemicals company CEOs could get away with clichés such as “the rise of the middle classes” and “increasing urbanisation” and later point to strong sales …

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China Autos: The Race To The Bottom

 

By John Richardson

CHINA’S autos market is not behaving in the way that it did in 2008-2013, when, as the chart above further illustrates, demand growth was nothing short of staggering.

In Q1 of this year, sales growth moderated …

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China’s Growth Worse Than You Think

 

By John Richardson

HEADLINE growth numbers seemed to be good enough for most China observers at the height of probably the world’s biggest- ever credit boom.

Why? Because you could argue that the flood of credit, and with it …

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Why China’s Polyethylene Imports Have Surged

 

By John Richardson

CHINA’S polyethylene (PE) imports jumped by 26% in the first quarter of this year over the same period in 2013, according to data from Global Trade Information Services (see the above chart).

This isn’t the result …

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Modi’s Biggest Challenge: Tackling Poverty

 

By John Richardson

Narendra Modi, as we discussed last week, faces a big job in unlocking the stalled infrastructure investment that is holding back India’s economic growth.

Optimists, however, point to his success as chief minister of Gujarat, which …

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China Yuan-Backed Export Flood Begins

By John Richardson

CHINA exported 45,000 tonnes of purified terephthalic acid (PTA), which underlines how a weaker Yuan is being used as a way of compensating for weaker local demand up and down the polyester chain. The same applies to …

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The “Why” Behind Sinopec’s Investment Freeze

By John Richardson

SINOPEC has announced that it will halt some of its new petrochemicals investments. This could involve the postponement of up to three cracker projects with a combined ethylene capacity of 2.8m tonnes/year, according to this excellent story …

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The Cost Versus Growth Conundrums

By John Richardson

SOME petrochemicals companies believe that their big cracker and derivatives projects will produce positive returns in a few years, when, in fact, it could take much longer,  say several industry sources.

The sources feel that the  growth …

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