By John Richardson POLYOLEFIN end-users in China and Southeast Asia began to re-stock in significant numbers last week on anticipation that supply is going to remain tight for the next few weeks at least, the blog has been told. “There was a feeling among the converters that because of scheduled maintenance work in August and […]
Asian Chemical Connections
China Chemical Imports Fall On Affordability
By John Richardson China’s petrochemical imports continued to decline in June on tight credit conditions and price rises that deterred consumers, according to our colleagues at ICIS news. Linear-low density polyethylene (LLDPE) imports fell by 18% month-on-month and 3% year-on-year, for example. High-density PE (HDPE) shipments slipped by 4% month-on-month and 8% year-on-year. Benzene shipments halved […]
China Chemicals Review And Outlook
Source of picture: www.destination360.com Dear Reader Please click here – ChinaChems2009AndOutlook.doc for my review of what happened in China last year and Q1 2010 and for some pointers for the rest of this year. All the best John Richardson
Speed Of China’s Growth Triggers New Official Warning
By John Richardson The chairman of China Construction Bank has spoken about the dangers created by China’s GDP (gross domestic product) expanding by more than 9.5% in 2010, which, according to many analysts, seems highly likely: GDP is estimated to have risen by 11-12% in Q1. “It (too-rapid growth) will mean more duplication of construction, […]
Polyethylene Pricing Separates From Fundamentals
By John Richardson Linear-low density polyethylene (LLDPE) pricing in China has become increasingly divorced from industry fundamentals as a result of the growing role of the Dalian Commodity Exchange’s futures contract, claimed a Singapore-based polyolefin trader late last week. And the contract is setting the physical market, resulting in Dalian performing a similar role that […]
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