Tag Archives | China economy

The Rest Of 2011 A Write-Off

By John Richardson

SORRY to be yet again a bearer of bad news, but the awful China market continues to reflect a reality on the ground that remains in contrast to the views of chemicals analysts and top industry executives.…

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Structural Threats To 2012 China Rebound

By John Richardson

SERIOUS structural problems with China’s economy threaten another disappointing year for polymer demand following flat, or even negative, growth for many of the major synthetic resins during 2011.

Last week the blog visited Singapore and held discussions …

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Middle East-China PE Exports Up 60%

By John Richardson

NORTHEAST Asian polyethylene (PE) exports to China fell by 34% in January-August this year compared with the same period in 2010 as Middle East shipments surged by 60%, according to Global Trade Information Services – click here …

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HDPE-LLDPE spread expands

By Malini Hariharan and John Richardson

The spread between high-density polyethylene (HDPE) film grade and linear-low density PE (LLDPE) prices in Asia has steadily widened over the last five months to hit a high of $110/tonne, raising questions on how …

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China’s Widespread Inventory Problem

By John Richardson

THE extent of the inventory overhang in China has become more apparent thanks to a research note from Kunal Agrawal – Singapore-based refining and chemicals analyst with BNP Paribas.

Kunal’s note – based on a survey of …

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Propylene To Stay Expensive

By John Richardson

A DEBATE is taking place over whether the price of propylene will decline to its traditional discount versus ethylene.

In Europe, propylene prices went above ethylene for the first time ever during the second quarter of 2010. …

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China Downside Continues To Surprise

 

By John Richardson 

THE statistics speak for themselves. For example:

*The full HSBC August manufacturing index for China, which was released last Friday, showed that manufacturing input costs were rising at their fastest rate for four months, suggesting that …

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China H2 GDP Growth Only 5%

By John Richardson

CHINA’S economy would only expand by 5% in H2 of this year and in the first half of 2012 on an annualised basis, said Diana Choyleva, a Hong Kong-based economist for Lombard Street Research.

This was the result of credit tightening as …

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A Dramatic Difference In Mood

By John Richardson

THE big difference in the mood at the ground level of certain parts of the petrochemicals industry compared with that of company board members and investors was thrown into further stark relief earlier this week.

As we …

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Speculation Drives China Methanol

By Malini Hariharan

Methanol continues to be an exception to the general weakness seen in Asian petrochemical markets.

Spot prices have crossed $410/tonne in the important China market and could remain firm for the rest of the year. Prices have …

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