Tag Archives | China economy

China’s Demand For Lending In Steep Decline

By John Richardson

WHEN the demand for lending in any economy starts to decline, you know that the people who make up that economy have an understanding that things are likely to get worse before they get better.

Hence, chemicals …

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China Excess Phenol Capacity A New Strategic Tool

By John Richardson

STANDARD Western cost-per-tonne analysis has never really been applied in China’s petrochemicals industry – and it never will be applied.

In the past, we have seen how petrochemicals plants have often been run at operating rates of …

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Eight Steps To Realising This Will Be Worse Than Lehman Bros

By John Richardson

WE are going through a process of realisation at the moment. It is not a linear process   – i.e. not all people will be at the same stage.

Equally, chemicals and other company executives will move backwards …

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Walking Away From Reality At Tianjin World Economic Forum

By John Richardson

SOME of the world’s global business leaders don’t seem to get it.

This is the only conclusion we can reach from their reported reaction to Li Keqiang’s opening speech at the World Economic Forum in Tianjin, China, …

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China’s Real Growth Could Be Weakest Since 1995

By John Richardson

WE all should know that China’s published GDP figures are meaningless as, of course, China’s premier Li Keqiang has told us so.

But the trouble is that so many analysts continue to talk about another burst of …

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Asia Chemicals Will Need To Cut Operating Rates

By John Richardson

THE above chart, from Paul Satchell’s latest Volume Proxy*, indicates that the downturn in Asian chemicals markets has become more entrenched.

“The continued decline in the Asia line lends further support to our earlier assertion that the …

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China: “The Dog Ate My Homework” Won’t Do

By John Richardson

TWO Chinese plastic processing companies are in financial difficulties because they have used raw-material purchases for speculation, a polyolefins industry source told the blog.

“The companies are in trouble because they resold their inventories in order to …

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China And Starting From Entirely The Wrong Position

By John Richardson

THE majority of  people analysing data on China’s economy are still getting it wrong.

They think that the worst the numbers get, the more likely it is that the government will panic. Predictions are widespread, therefore, of  …

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China’s Polyethylene Data: Credible Answers Required

By John Richardson

THE extraordinary data on China’s polyethylene (PE)  market will not go away. We need credible answers.

To begin with:…

Imports were up by 20% in H1 2014 compared with the same period last year, according to Global

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What A “Low Growth World” Really Looks Like

By John Richardson

ONLY six new  US crackers would be built over the next five years because of rising construction and labour costs, said Dow Chemical’s CEO, Andrew Liveris, in an earnings conference call last week. This would be out …

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