Archive | Environment RSS feed for this section

China To Keep Polyolefins Imports Out

By John Richardson

THERE has been a lot of talk about how fully integrated coal-to-polyolefins plants in China will compete exceptionally well with naphtha crackers on a variable cost basis.

OK, in terms of capital costs, the whole coal-to-polyolefins chain …

Continue Reading

How China’s “Social Contract” Is Changing

 

By John Richardson

ON this particular day, it is worth thinking some more about how the social contract between China’s leaders and its people is evolving.

Much of the commentary focusing on 4 June 1989 has described how China’s …

Continue Reading

Dear Mr Abbott, What On Earth Have You Done?

By John Richardson

INNOVATION has to be the cornerstone of Australia’s economy from now on because of these two reasons:

1.)    The China-led resources boom is over  and so Australia can no longer just dig stuff out of the ground …

Continue Reading

Thailand’s Coup: The Economic Suspension Has Gone

By John Richardson

WE are  going to feel every political, social and economic bump in the road from now on because the suspension on the proverbial automobile has gone.

No longer can Asian economies compensate for their domestic problems in …

Continue Reading

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 …

Continue Reading

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 …

Continue Reading

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 …

Continue Reading

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 …

Continue Reading

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 …

Continue Reading

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 …

Continue Reading