Tag Archives | China textiles industry

China Consumer Confidence “The Worst In 17 Years”

By John Richardson

LAST year, the blog was told that business at some high-end restaurants in Beijing had fallen by as much as 90% because of the government’s crackdown on corruption.

And China’s top military officials are scared to even …

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More People Wanting To Buy Than Sell

By John Richardson

SOME people in the petrochemicals industry are showing great confidence in the future.

Perhaps it is no coincidence that several of these people are said to be Chinese domestic traders in polyethylene (PE) and mono-ethylene glycol (MEG) …

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PTA prices.jpg

Everywhere You Look

By John Richardson

EVERYWHERE you look across China’s petrochemical markets the story is the same as in polyethylene (PE): Exceptionally weak demand during a time of the year when demand should be good.

Take purified terephthalic acid (PTA) as an example.…

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PVCpricingJuly2012.jpg

South Korea “Denial” Continues

 

By John Richardson

EARNINGS estimates for South Korean petrochemicals companies for the full-year 2012 remain around 30 percent above where they should be because “most financial analysts remain in denial“, said an industry source.

A sign of how bad …

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PXPTAJune52012.png

Fibre Intermediates In Panic

By John Richardson

A SENSE of panic has gripped the fibre intermediates chain as a result of falling crude oil prices, an industry observer told the blog.

“Nobody knows where the bottom of the market will be, which, to me, …

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MEG Continues To Struggle

By John Richardson

THE above chart is a further illustration of what we believe is the wrong consensus view over China.

Q1 2012 mono-ethylene glycol (MEG) imports surged by 30% compared with the same period last year, as traders bet …

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China Economic Optimism

By John RichardsonECONOMISTS think China’s growth has bottomed out, thanks to unexpectedly strong March bank lending.

They also think that interest rates will stay low for a long time, even if rates cannot be cut because of the inflation problem. 

New …

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PTA Set To Suffer in 2011-14

By John Richardson

THE last 18 months has been stellar for the polyester chain thanks to tight supply upstream in paraxylene (PX) and purified terephthalic acid (PTA), record-high cotton prices and a booming economy in China.

But all good times must …

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