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China Plans 13 New Crackers In Move Towards PE Self-Sufficiency

By John Richardson

DETAILS are emerging of what could be as many as 13 new crackers in China that would all be on-stream very probably by 2025. I originally thought only around ten new crackers would be built by that …

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China Moves Towards Commodity Grade PE Self-Sufficiency By 2025

By John Richardson

THE argument I’ve been making for a couple of years now is that the history of petrochemicals in China suggests a constant drive towards much greater self-sufficiency. No value chain is immune, I have kept contending.

The …

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China’s Drive To PX Self-Sufficiency Again Shows Failure Of Conventional Thinking

By John Richardson

BACK in November 2014, when I first suggested that China might move to self-sufficiency in paraxylene (PX), my blog post was met with widespread scepticism.

At that time, China was moving from a major import position in …

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Xi’s Davos Speech: Risks, Opportunities For Chemicals Industry

By John Richardson

CHINA’S President Xi Jinping yesterday delivered a speech to World Economic Forum in Davos that has been widely praised. What made the speech very striking was how its tone and content contrasted with just about everything US …

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How Free Floating The Yuan Could Accelerate A Global Trade War

By John Richardson

THERE is a 50% chance that the Yuan will become a freely trade currency in 2017 in response to the US signalling its willingness to start a global trade war, says Societe Generale.

If Donald Trump pedals …

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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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