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By John Richardson
A NEW report from HSBC supports our argument that China’s synthetic resin market has yet to bottom out.
Big structural changes in China’s economy are an additional factor, in our view, to the slowdown in China …
THE notion that Asian polyethylene (PE) markets would soon bottom out, which was widely expressed at the Asia Petrochemical Industry Conference (APIC) last month, seems to have been discredited.
There was a slight recovery for the …
A SENSE of panic has gripped the fibre intermediates chain as a result of falling crude oil prices, an industry observer told the blog.
“Nobody knows where the bottom of the market will be, which, to me, …
A collapse in the price of oil would expose petrochemicals producers, buyers and traders who have built- up stocks.
They built up inventories because oil was on the way up earlier this year.
And they were …
Source of picture: BASF
“THE struggle over China’s future direction seems to be harder fought than we had imagined,” said BASF vice chairman Martin Brudermüller last Thursday, in a German newspaper interview.
THE hard numbers, in the chart above, support anecdotal evidence we have been picking up for over a month of increased Asian polyethylene (PE) exports to Brazil and other Latin American countries.
It also confirms reports …