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China PE Imports: A Long-Term Outlook

 

By John Richardson

THE chart below is worth revisiting, and pondering again, as we attempt to assess the future of polyethylene (PE) exports to China.

In the case of the Middle East, as the chart shows, it has been …

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Asia Ex-China: The Outlook For 2014 And Beyond

By John Richardson

IN a special series of blog posts over the next few weeks we will re-examine the outlook for the major Asian petrochemical producing countries, ex-China. The posts won’t necessarily appear every day, as important news events may …

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China Market Intelligence Still Contradicts PE Demand Rise

By John Richardson

The debate continues as to exactly why polyethylene (PE) apparent demand (domestic production plus imports) in China rose by 13% in January-June of this year compared with the same period in 2011.

Why the anxiety? Because most …

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China’s Reform Process Jeopardised

By John Richardson

LAST week’s decision by China to give its banks the freedom to compete for borrowers, by removing the floor on lending rates, has been praised by most analysts.

“This is one of the biggest steps they could …

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Japan Consolidation Continues

Source: Japan Petrochemical Industry Association

By John Richardson

JAPAN’S petrochemicals industry remains in consolidation mode, as my ICIS colleague Nigel Davis writes in this article.

And, as the chart above shows, Japan’s ethylene output continues to fall. It was down 8% …

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Hallucinatory Effects

 

By John Richardson

THE reasons cited for last week’s global sell-off in stock markets (see the above chart of the Nikkei up until Thursday last week) were concerns over volatility in the Japanesegovernment bond market and the economic slowdown in China.

Some investors, …

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Everything Is Going To Plan

By John Richardson

So far so good – everything is going to plan.

The flash Markit/HSBC China Purchasing Managers’ Index (PMI) for May fell to 49.6, slipping under the 50-point level demarcating expansion from contraction for the first since October last year and …

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Get Behind China

By John Richardson

THE blog is often accused of being pessimistic. We are not. We are just realistic.

It was realistic last November to anticipate that China’s new leaders would be dedicated to major economic reform. In fact, this was …

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China Hints At Yuan Depreciation

By John Richardson

LABOUR markets are tight in China and so on the surface there appears to be no great pressure on Beijing to attempt to export its way out of an unemployment crisis.

But what happens if, as we …

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Northeast Asia Confronts PVC Consolidation

By John Richardson

ASIAN higher cost polyvinyl chloride (PVC) producers are facing the twin squeeze of increased electricity costs and very competitive exports from the US, according to an industry source the blog met with in Taipei, ahead of tomorrow …

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