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Indonesia: Sweat It Out!

Jakarta at night (source of picture: Wikimedia)

 

By John Richardson

THE blog first visited Indonesia in October 1997, shortly after the onset of the Asian Financial Crisis, and was amazed to think that only a few months earlier, the …

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Southeast Asia’s Export Dependency

Source: Petroleum Institute of Thailand

 

By John Richardson

THERE is a lot of excitement about the self-sustaining nature of Southeast Asia’s (SEA) economy thanks to, for example, nine consecutive quarters of GDP growth of more than 6% in Indonesia …

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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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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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US Threat To Asian Polyolefins

So far so good…lack of arbitrage in 2012

By John Richardson

Despite a strong recovery in China’s polyethylene (PE) prices and sales over the last month-and-a-half, producers are viewing the coming year with great trepidation.

One of the wild cards …

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China Polyolefins Recovery Continues…..

…..For Now 

 

By John Richardson

RELATIVE to most of 2012 – when China’s polyolefins market was in dire straits – November, December and early January have been excellent for traders who took the right positions. At least one producer …

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Asian Demographics Change Demand Patterns

THIS blog was once criticised for devoting too much time to the big picture – e.g. politics, economics and demographics – one of the major themes of our free e-book, Boom, Gloom & The New Normal.

We beg to differ. …

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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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Paying For China’s Infrastructure

 

 By John Richardson

NEW infrastructure projects in China (see above chart from Rio Tinto) might deliver a boost to chemicals and polymer demand growth in Q4 this year and into 2013.

But doubts are being expressed about whether some …

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Middle East-China MEG Exports Surge

By John Richardson

MONO-ETHYLENE glycol (MEG) exports to China rose to 4.12m tonnes in the first half of this year from 3.38m tonnes during the same period in 2011, according to data from Global Trade Information Services (GTIS).

The main …

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