Tag Archives | China

China: Time To Stop Using The 18th Century Spinning Loom

By John Richardson

FOR a long while now I have been arguing that China will do “much, much more with much less”. Four years ago, when Paul Hodges and I first outlined the concept of the New Normal, we highlighted …

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US Petchems: Victim Of A Black Swan? What Black Swan?

 

By John Richardson

JIM Gallogly, the former CEO of LyondellBasell, has advised US petrochemicals companies to “think very, very hard” about new investments.

“Some of you simply are going to be too late. And you need to recognise where …

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China Jan-Feb Polyethylene Imports Fall 22%

By John Richardson

CHINA’S polyethylene (PE) imports declined again in February, and are down by an average of 22% over both January and February of this year compared with the same period in 2014.

SOME people will tell you that …

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Sinopec’s Role In China’s New Normal

By John Richardson

SINOPEC has published its first-ever environmental report, as fellow blogger Paul Hodges points out in this blog post.

What an amazing turnaround. Before the pivotal November 2012 Third Plenum meeting, there was little pressure on Sinopec or …

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The US Must Wise-Up And Back China

By John Richardson

AUSTRALIA has very sensibly reversed its decision not to join the China-led Asian Infrastructure Investment Bank (AIIB). This is the first good policy move I can think of since Tony Abbott became Australia’s prime minister.

And with …

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PetroChina and Sinopec Will Never Be The Same Again

By John Richardson

CHINA’S two giant state-owned oil, gas, refining and petrochemicals companies have enjoyed many fantastic years during which they could do just about what they liked, according to an increasing number of critics.

“You can’t control them,” an …

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China’s Polyolefins Recovery On Shaky Ground

By John Richardson

CHINA’S polyolefins markets were in a muddle last week as a result of resilient offer prices for imported material versus a fall in pricing for domestic cargoes.

Domestic polyethylene (PE) prices were largely softer, but local distributors …

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China’s Li Keqiang Pulls No Punches On The Challenges Ahead

By John Richardson

Li Keqiang was short on detail during a major speech last week, said some analysts. This was taken as a sign that Beijing has become nervous about the pace of the economic slowdown, a theory supported by …

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China’s Polyolefins Price Recovery: The Role Of Crude

By John Richardson

THE  above chart is a useful reminder of the role that crude prices has played in influencing the pricing of polyethylene (PE) and polypropylene (PP) in Asia since January of last year (I have picked just two …

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China Peak Steel And Chemicals Demand May Have Arrived

By John Richardson

EVERYONE involved in the iron ore business must be very worried about the recent speech by the new chairman of the China Iron & Steel Association.

“Under the ‘new normal’ China’s iron and steel consumption has already …

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