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China Polypropylene “Demand” Surges

By John Richardson

CHINA’s polypropylene (PP) market has been consistently described as subdued throughout this year.

End-users in China have persistently complained, throughout the year, of credit shortages as a result of China’s economic reforms and so their resin buying …

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China To Keep Polyolefins Imports Out

By John Richardson

THERE has been a lot of talk about how fully integrated coal-to-polyolefins plants in China will compete exceptionally well with naphtha crackers on a variable cost basis.

OK, in terms of capital costs, the whole coal-to-polyolefins chain …

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China’s Polypropylene Imports: The Balance Of Probabilities

CHINA’S polypropylene (PP) imports increased by 11.3% in January-April of this year compared with the same period in 2013, according to the latest available China customs data.

There could be lots of reasons for this. One reason might be that …

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China’s “Whack-A-Mole” Game Continues

By John Richardson

THE blog loves playing the the “whack-a-mole game” in our local arcade. How it works is that every time a plastic mole pops up, you have to try and whack it back down with a hammer in …

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China Consumer Confidence “The Worst In 17 Years”

By John Richardson

LAST year, the blog was told that business at some high-end restaurants in Beijing had fallen by as much as 90% because of the government’s crackdown on corruption.

And China’s top military officials are scared to even …

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Martial Law In Thailand: What It Means

By John Richardson

SO far so good is the interpretation that some petrochemicals industry executives have placed on the long-running political crisis in Thailand.

Despite the local economy being close to a recession after GDP contracted by 2.1% in Q1 …

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China Reconsiders Petchems Targets

By John Richardson

CHINA has long set targets for petrochemicals self-sufficiency in each of its  five-year economic plans – and those targets have been pretty aggressive as the chart above, showing the recent rise in ethylene production, indicates. These have …

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China Credit Squeeze Further Weakens “Real Demand”

By John Richardson

DESPITE the 26% increase in China’s polyethylene (PE) imports in Q1 of this year over the same period in 2013, “real demand” continues to weaken – i.e. the resin bought by end-users to actually make things.

The …

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How Jack Ma Is Liberalising China’s Lending System

By John Richardson

JACK Ma is a popular guy at all levels of Chinese society. And so, last June, the hugely successful online businessman was allowed to write this in a commentary in the People’s Daily, the government-run newspaper: “Innovation …

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China’s Evolving Autos Market: What It Means For PP

By John Richardson

THE tide of credit that lifted all boats in China meant that chemicals company CEOs could get away with clichés such as “the rise of the middle classes” and “increasing urbanisation” and later point to strong sales …

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