UNTIL WE SEE a recovery in China PP-naphtha spreads during around a 12-month period to close to long-term annual averages, there will have been no complete rebound in the market. The spread so far this year at just $264/tonne is 41% lower than the previous lowest year of $447/tonne in 2012.
Asian Chemical Connections
China PP Imports To Halve By 2025 Or Turn Into Exports
By John Richardson CHINA IS accelerating its drive towards at the very least much greater PP self-sufficiency by 2025. There is also a credible second scenario where China becomes a significant exporter by that same year, most logically to the Asia and Pacific (A&P) region due to proximity and what will be stronger geopolitical and […]
Why China Will Rapidly Become Paraxylene Self-Sufficient
By John Richardson WOW, what an opportunity. That might be your reaction to the two above charts. On the left, you can see a quite breath taking rise in China’s paraxylene (PX) net imports (imports minus exports). In 2007, China’s net imports were around 2.6m tonnes of PX with last year’s total reaching 14.4m tonnes. […]
China’s Polyethylene Market: Three New Scenarios For 2018-2025
By John Richardson THE above slide underlines the growing complexity surrounding China’s economy, politics, society, environmental policies and trading relationship with the US. I’ve placed this complexity in the context of the implications for the polyethylene (PE) industry. The above slide, and the full explanation below, updates my three scenarios from last September. These new […]
Three Scenarios For 2018-2025 China Polyethylene Demand Growth
By John Richardson CHINA leads the world in many aspects of renewable energy and has an electric vehicle industry that is receiving the kind of state support that is very probably making foreign competitors green with envy. The explosion of commerce via the mobile internet takes your breath away. Average per person spending on mobile […]
China Affordability Challenge
By John Richardson THE “gold rush” is over in China”, François-Henry Bennahmias, chief executive of Audemars Piguet, a Swiss watch company that is closing six of its 22 stores in China, told the New York Times. Swiss watch exports to mainland China dropped 26% in the first quarter from a year earlier, said the same […]
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