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Paraxylene: Another Chemicals World Turned Upside Down

By John Richardson

THE PARAXYLENE (PX) industry is enjoying an unprecedented period of demand growth, according to the above chart from our recently updated Supply & Demand database:…

Between 2000 and 2016, global demand for PX will have jumped by

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Make Global Trade War In 2017 Your Base Case Scenario

By John Richardson

WE are trapped in a cycle of economic policymaking failure that has already led to a retreat in global free trade. What happens next could well be a global trade war as soon as next year.

The …

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China And Iran: Reshaping Global Polyester Trade

By John Richardson

IN TODAY’S world you have to start with political, social and macroeconomic factors to help build your map of global chemicals trade flows over the next ten years.

You next need to consider the old standard measures …

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G20 Reassurances Not Enough To Stop A Currency War

By John Richardson

PRESIDENTS XI Jinping and Barack Obama have made a commitment to avoid competitive currency devaluations at the G20 summit in Hangzhou.

The fact sheet released by the two presidents also contained this statement: [China will] “continue an …

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Trade Rhetoric Worsens As China Becomes Net PTA Exporter

By John Richardson

TIME Magazine made the “Chinese Worker” runner-up in its 2009 Person of the Year contest (by the way the winner was Ben Bernanke, the then chairman of the US Federal Reserve).

It was the hard graft of …

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Machiavelli’s “New Order Of Things”: Risks and Rewards

By John Richardson

IF you get it, you understand what is really happening out there, there is no guarantee that you will be successful as Machiavelli (see below right) – the great Italian Renaissance historian, politician, philosopher and writer etc. …

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China’s Yuan: Making Sense Of All The Noise

By John Richardson

LAST year nearly $1trn was moved out of China as rich people lost confidence in the direction of the economy. Much of this was moved if not illegally, then through stretching the rules to the very edge …

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China Chemicals Exports Surge As Everything Changes

By John Richardson

IN the good old days everybody could very easily export just about all their surplus chemicals and polymers volumes to China for two very obvious reasons. Firstly, even real GDP growth, never mind the fabricated government numbers, …

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Asia’s Ageing Populations: Challenges And Opportunities

By John Richardson

EVERYONE should know by now that China faces a demographic crisis that, unless addressed, guarantees much lower GDP growth for many years to come. This explains the urgency of economic reforms designed to escape the “middle income …

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China: Why Complacency Followed By Panic Hasn’t Helped….

…..AND WHY YOU NOW NEED MULTIPLE SCENARIOS

 

By John Richardson

FOR many, many years a small group of men who run China were viewed as uniquely competent because of the “economic miracle” that they had achieved. China’s approach to …

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