China and M-E Delays To Offer More Market Support

 

As this updated table from my colleagues at CBI in China illustrates, cracker-complex delays in China have the potential to further stagger the arrival of new volumes into the market.

Chinanewcapacitytable.doc

This follows the widespread problems in starting up …

Continue Reading

China Sept chemical import-surge data

UShshoppers.jpg

More of the cheap stuff?

Source of picture: www.thelocal.de

 

Some of the China import data for September is now available – showing record-high imports of monoethylene glycol (MEG), ethylene vinyl acetate (EVA), polyacetal, polycarbonate (PC).

“I have given up …

Continue Reading

China’s chemical imports up – again!

By John Richardson

We don’t have the actual data yet (hopefully, we’ll be able to give you the numbers later this week), but……

……China’s commodity chemicals and polymer imports “continued to amaze” in September with monoethylene glycol (MEG) shipments hitting …

Continue Reading

All’s well in South Korea – for now

lg chem.JPG

By Malini Hariharan (Malini is now joint blogger for Asian Chemical Connections)

South Korean petchem majors are expected to post another quarter of bumper earnings thanks to high operating rates and strong sales volumes.

A Seoul-based equity research analyst think …

Continue Reading

China Export Gains Raise Sustainability Fears

china-exports-hmed-745a.jpg

 

Source of picture: www.msnbc.msn.com/id/23512037/

 

 

CHINA is making export gains at the expense of other higher-cost competitors that might not be sustainable because of reasons including rising trade protectionism and economic rebalancing.

Chemical companies need to factor in …

Continue Reading

China’s Great Growth Gamble

Copperstocks.jpg

 

Source of picture: www.todaysfinancialnews.com

China’s feverishly fast construction of roads, power plants and new industrial capacity has been designed to offset the decline in exports – and what a short-term success the policy has been.

Of the 7.7% of …

Continue Reading

China indicates monetary tightening

xin_24120209151275643227.jpg

Confused Direction

Source of picture: China Daily

 

 

A TIGHTER monetary policy is being evaluated by China’s State Council, one of the country’s most-powerful legislative bodies, according to numerous media reports – including this one from Reuters.

And the …

Continue Reading

Should Indonesia Add Capacity?

Pert.jpg

 

 

 

Source of picture: wartakota.co.id

 

WESTERNERS can often by unbelievably patronising about Asia’s efforts to climb up the economic self-sufficiency ladder.

“South Korea has no business being in petrochemicals,” said a very annoying US industry executive many …

Continue Reading

How ridiculous does ridiculous have to get?

alg_barack_obama_oval_office.jpg

“YES, I HEAR YOU – I’M LISTENING….”

Source of picture: New York Daily News

 

How ridiculous does crude-oil pricing have to become before regulatory reforms occur that limit the role of financial speculation in a helpful way?

This was …

Continue Reading

GCC mood lifts despite worsening gas crisis

THE MOOD seems to have become a little more upbeat in the Gulf Co-operation Council (GCC) region of the Middle East thanks to the economic recovery.

“The flow of foreign funds into the GCC came to a complete standstill in …

Continue Reading