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China: Again, Please Listen To Us: “No Change In Direction”

By John Richardson

China’s Premier, Li Keqiang, could not have been clearer in comments that he made on Monday during a meeting with some of the country’s top corporate leaders.

He told business leaders that the government aimed to create …

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New Silk Road Part 2: How China Will Win

Here is the second part of my thinking on what China’s New Silk Road means for the global chemicals industry. Part One appeared last Thursday.

 

By John Richardson

PER capital GDP in Yunnan province in China’s southwest was just …

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China Would Be The Only Winner From A Price War

By John Richardson

IT IS dangerously wrong to still think of China as just a cheap, copycat low-value manufacturing nation. Yes, cheap, agreed, and to begin with, as was the case with the US, it has copied other countries’ technologies.…

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Asian Polyethylene: Inventory Losses Threaten Survival

By John Richardson

HERE are some observations, from several discussions with market participants this week, about what is happening in China’s key polyethylene (PE) market:…

If the oil price stays at $40-50 a barrel then payment collection from local customers,

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How To Get Through 2015 In One Piece (More Or Less)

By John Richardson

EVERY time the oil price stabilises for just a few days there is pretty widespread talk of the market having found a bottom  and that a rebound is about to begin.

A case in point was last …

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China Polyethylene: Three Predictions For 2015

By John Richardson

THE  chart  below serves as an excellent illustration of the big shift in consensus thinking about China’s overall economy, as it shows that:…

PE imports surged in January on the belief that China would “blink” – and

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2014: The Rear View Mirror

By John Richardson

MOST of my forecasts for 2014, which I made in this post on 30 December last year, look good in the rear view mirror.

I was right about credit availability being the single biggest issue for the …

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The Emperor’s New Clothes: Time To Spot The Obvious

By John Richardson

IF enough of the right kind of people say something enough times then everybody starts believing what they say, regardless of whether or not they have done the right kind of research.

Part of this is down …

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China Restructures The Global Petchems Business

By John Richardson

This chart should truly take your breath away as it shows that:…

China’s purified terephthalic acid (PTA) exports fell from 2.5m tonnes in January-November 2013 to just over a million tonnes for the same period this year.

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China: There Is Still Time Left To Fix Mistakes

By John Richardson

WHEN something seems as if it is just too good to be true it usually – and this applies to China’s auto market.

As I have long argued, growth had to moderate from the 138% increase in …

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