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China Compensation

By John Richardson

A MAJOR Southeast Asian polyethylene (PE) producer has reduced its percentage of exports to China from 30-40% in 2012 to just 10% so far this year, a source with the producer told the blog on the sidelines …

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Malaysia’s Economic Challenges

By John Richardson

Barisan Nasional (BN) has won Malaysia’s general election although Anwar Ibrahim (see picture on the left), leader of the opposition, has so far refused to concede defeat because he claims that there has been widespread election fraud.…

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Taiwan Growth Underlines Long Term Shift

By John RichardsonEVIDENCE that China is no longer acting as the growth engine of the world, because it is too busy dealing with internal adjustments, is mounting.

For example, on Tuesday of this week Taiwan announced that its year-on-year Q1 …

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Southeast Asia ‘s Economic Boom

By John Richardson

SOUTHEAST (SEA) polyolefins demand grew by 15-20% last year in some of the region’s emerging countries, such as Indonesia, according to a source with a major global producer.

Confidence is high as overseas money pours into super-hot …

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Asia Top Ten Chem Companies

By John Richardson

SINOPEC’s remarkable rise in the petrochemicals business continued in 2011 as it jumped two places in the ICIS Top 100 ranking, compared with 2010, to finish second overall, behind BASF. This was the result of a 28.9% …

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China PE Demand Weakness Continues

 By John Richardson

LET’S put this into context: China’s polyethylene (PE) demand grew by 53 percent in 2008-2010.

Growth during the first seven months of this year was just 1.7 percent over Januuary-July 2011, according to Global Trade Information Services (GTIS). …

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BASF Highlights Changes In Growth

 

Martin Brudermüller

Source of picture: BASF

 

By John Richardson

“THE struggle over China’s future direction seems to be harder fought than we had imagined,” said BASF vice chairman Martin Brudermüller last Thursday, in a German newspaper interview.

“There …

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China PE Demand Falls Six Percent

By John Richardson

The 6% decline in apparent polyethylene (PE) demand in China from January to April this year, compared with the same periods in 2011 and 2010, underlines what market participants have been telling the blog for many months.…

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APIC: A Sense Of Shock

 

By John Richardson

ANOTHER theme that emerged from last week’s Asia Petrochemical Industry Conference (APIC) in Kuala Lumpur, Malaysia, was the shock at the extent of the price declines in the key China market.

In polyolefins, the slump in …

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Chems Trade Finance Threat

By John Richardson

NEW banking regulations could severely restrict the ability of small and medium-sized (SMEs) companies to access trade finance. This would hit Asia particularly hard, as the majority of chemicals and polymer business involves SMEs.

Under the Basel III …

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