By John Richardson CHINA signalled yesterday that there would be no major easing of the credit squeeze that is slowing the economy down. “At present, the overall liquidity in China’s banking system is at a reasonable level, but due to many changing factors in the financial markets and also because of the mid-year point, the […]
Asian Chemical Connections
China’s Leaders Are Boxed In
By John Richardson IT seems inevitable that petrochemical markets will respond positively to the Chinese government’s decision to reduce bank-reserve requirements by 50 basis points. There will quite likely be a relief rally in the Dalian Commodity Exchange’s futures contract in linear-low density polyethylene (LLDPE) and a recovery in physical prices. But lost demand is […]
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