Tag Archives | China rebalancing

China’s “Overwhelming” Overcapacity

By John Richardson

A HOPE being expressed by chemicals and polymer traders and producers the blog has spoken to this week is that the surge in lending in China during the first quarter will result in stronger GDP growth later …

Continue Reading

We Told You So

By John Richardson

POLYETHYLENE (PE) prices in China fell by $5-10/tonne for the week ending 1 March, according to ICIS pricing.

“It is increasingly clear that Chinese growth will slow from the second quarter onwards and this will limit potential …

Continue Reading
Chinacoal.png

China Coal Cap: What It Means For Chems

By John Richardson

IF China’s decade-long focus on coal-fuelled heavy industry is really coming to an end, as this article in The Sydney Morning Herald suggests, then the prospects for further approvals of coal-to-olefins (CTO) projects seem very bleak indeed.…

Continue Reading
Sinopec.png

Sinopec A Litmus Test For Reform

By John Richardson

CHINA’s new leaders are under increasing pressure to do something about the dreadful pollution that blights the lives of hundreds of millions of people.

One Shanghai resident told the blog, “The air quality is so bad here …

Continue Reading
moneygame2.jpg

Beneath the China PMI Hype

By John Richardson

A LOT of stock market excitement, and perhaps a recovery in petrochemicals prices (more next week when everyone is back in action), has greeted the release of China’s purchasing managers’ indices for December. The official PMI held steady …

Continue Reading
Chinaloans.png

China’s Risky New Lending Surge

By John Richardson

BANK lending is once again surging in China as politicians try to shore up their support ahead of the leadership transition.

“The central government has approved up to 7 trillion yuan ($1.2bn) for infrastructure investments since May …

Continue Reading

The Worst Things Get The Better They Are

By John Richardson

THE more that China’s economy weakens, the greater the hope of a recovery in the second half of this year.

This type of thinking was in evidence last week. The release of a raft of disappointing economic …

Continue Reading
china-hot-real-estate.jpg

Anxiety Builds Over China Growth

Will growth spread quickly enough?

Source of picture: www.oraclemarketplace.co.uk

 

 

 

By John Richardson

Global chemicals production had returned to 2006 levels by October of this year, according to this slide ACCProduction09Versus06.ppt from the American Chemistry Council (ACC).

Worldwide chemicals growth …

Continue Reading