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What Yuan Depreciation Means

By John Richardson

THE truth is that nobody has ever entirely understood the nature of China’s chemicals and polymers demand.

During the good times, at the height of China’s credit Ponzi scheme, if you were a sales manager, why ask …

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China Markets And Commentators In Denial

By John Richardson

SOME chemical market players remain in denial or have yet to grasp the real problem in China, as is the case with quite a few financial journalists.

Here is why:

A widely-held assumption is that we cannot…

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China Targets Trade Finance

By John Richardson

AT the high inflation point of any financial bubble, you tend to get outlandishly dangerous and dodgy practices designed to make even more money because most people think that “this time will be different” – i.e. that …

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China: More Credit For Less Growth

By John Richardson

REMEMBER this time last year when a surge in credit availability occurred in China,  thanks to the shadow-banking system?

This helped support a pick-up in economic activity in the second half of the year, including stronger chemicals …

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China’s About Turn: The Seven Global Implications

By John Richardson

HISTORIANS will end up concluding that falling emerging market currencies and stock markets – the prelude to what could be a full-blown crisis –  is really about China and not about the US Federal Reserve. The Fed …

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US Housing Recovery? What Recovery?

 

By John Richardson

A SUSTAINED US housing recovery is vital for the global petrochemicals industry because, without it, far too much of the 64% of ethylene capacity, which is due to be added in the States, will have to …

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China Market Intelligence Still Contradicts PE Demand Rise

By John Richardson

The debate continues as to exactly why polyethylene (PE) apparent demand (domestic production plus imports) in China rose by 13% in January-June of this year compared with the same period in 2011.

Why the anxiety? Because most …

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Recovery? What Recovery?

By John Richardson

CHINA’S apparent demand for polyethylene (PE), which is a measure of local production plus imports, rose by 4% in January-September this year compared with the same periods in 2010 and 2011, according to Global Trade Information Services …

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Asian LDPE Margins Reach New Low

                 

               LDPE margins in 2012     

By John Richardson

NORTHEAST Asian integrated low-density polyethylene (LDPE) margins keep plunging new depths.

The margins were at their most negative since ICIS records began in 2000, according to the ICIS Asian PE Margin Report for …

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US Targets China VAT Rebates

 

               Mitt Romney would declare China a currency manipulator

               Source of picture: Wikimeda

    

 

By John Richardson

China’s practice of providing value-added tax (VAT) rebates for importers of raw materials who then re-export finished goods is the …

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