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Why Should China Be Any Different From The US?

By John Richardson

THE complacent, yesterday’s wisdom about China is that it will remain a major importer of lots of petrochemicals for many years to come.

If you have already stuck your neck out to support a project that will …

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Global Polyethylene: A Painful Balancing Act

By John Richardson

HERE are a few important facts about polyethylene (PE):…

China accounted for 30%, or 2.35m tonnes , of global imports of linear low-density PE (LLDPE) in 2013 (see the above chart).
It accounted for 43% of high-density

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China Exports: Whatever It Takes To Boost Volumes

By John Richardson

HERE is a reminder of some key facts about the Chinese economy:…

Investment, in the form of local real estate, infrastructure and industrial capacity accounts for around 50% of the country’s GDP.
China’s total investment levels are

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Fed Policies Increase Emerging Market Poverty

By John Richardson

THERE are 2.8bn people – 40% of the world’s population – who live on $2-10 a day.

These people are “the fragile middle”, according to the Financial Times, as they are constantly in danger of falling back …

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China Polyethylene: What To Tell Your Boss

 

 

By John Richardson

YOU are a junior researcher working for a global polyethylene (PE) producer.  This is your opportunity to help change “group thinking” and so greatly improve your career prospects.

It is not going to be easy, …

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Ten Reasons Why US Petrochemicals Should Think Again

By John Richardson

IT is incredibly hard to “stare a gift horse in the mouth” when your share options have soared in value and you annual bonuses, based on your company’s record-breaking profitability, have been nothing short of fantastic for …

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European Petrochemicals: Making Money Despite Deflation

By John Richardson

THE European petrochemicals industry has done staggeringly well since 2008 thanks to operating rate discipline, skillful inventory management and feedstock flexibility – for example, the INEOS and SABIC initiatives to import low cost ethane from the US.…

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China Capacity Closures? Stop Whistling In The Dark

By John Richardson

Measured in US dollars, the price of US imports from China has risen just by 4% over the last ten years, but measured in Yuan, it has actually fallen by no less than 20% (see our above …

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Coming To Terms With Global Deflation

By John Richardson

YOU used to be able to take, say, a World Bank report on GDP growth forecasts, plug that into your spread sheet, look at low per capita consumption of chemicals and polymers in the developing world and …

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China: Don’t Get Caught Naked

By John Richardson

THAT’S it then, the evidence is in that the September surge in China’s exports was, indeed, as I thought, substantially down to fake invoicing.

“The gap between China’s reported exports to Hong Kong and the territory’s imports …

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