Tag Archives | China

This Is Not Just Another Economic Downcycle

By John Richardson

ECONOMIC upcycles come and go, but in the end, the fundamentals don’t change. This is the message I have picked up from conversations with senior industry executives over the last two weeks.

“All we have to do …

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Japan Repeats Its Mistake. You Cannot Print Babies

By John Richardson

WHEN you have built your reputation on a policy that has so far failed, you have essentially two options. You can either admit you were wrong and reverse course or double down on your mistake – i.e. …

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Another Distracting Myth: Cheaper Oil Good For Growth

By John Richardson

AS PEOPLE have frantically repositioned themselves over the last few months, one of the counter-arguments to the New Normal is that cheaper oil is a good thing for the global economy.  The rationale behind this claim is …

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Oil In Free Fall: What It Means For Petchems

By John Richardson

AS crude heads to perhaps as little as $10-15/bbl, you have  evaluate the immediate, or first order, effects on the petrochemicals industry and then move to stage two – what it means in the longer term.

Right …

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Global Polyethylene Priced Off US Ethane. Why Not?

By John Richardson

WHEN you have spent several billion dollars building a brand new US steam cracker complex, you will of course do everything to maximise operating rates to pay back your debts, even if it means pricing off your …

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Collapsing Crude: What To Do Next

This is business critical now, as the new global economic crisis, centred on China and other emerging markets, gathers momentum. Putting aside the specific monumental problems represented by China, as the Financial Times pointed on Monday, the last decade has …

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China Will Continue To Drive Global Deflation

By John Richardson

JANET Yellen has firmly signalled that US interest rates will be raised later this month for the first time since 2006.

There will be collateral damage, sure, as I discussed in September, most importantly because of the …

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China Is The World’s New Swing Petchems Producer

By John Richardson

CHINA is the new “swing producer” in some global petrochemicals markets, as is the case with US shale oil producers in the global oil market.

Let’s start with US shale oil. Here, the Catch 22 situation is …

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China: New Catch Phrase Backs Up Old Data

By John Richardson

OLD data doesn’t always go away. What instead sometimes happens is that people slightly adapt their old growth forecasts to suit changing events.

“The rapid growth of China’s service sector and its consumer-led economy” has thus become …

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Cheap Oil Will Help You Sell A Million Tonnes Of Ethylene

By John Richardson

TOMORROW’S winners will be those who recognise that oil, oil products such as gasoline and diesel and chemicals markets have changed for good.

They will understand that this has generated a whole range of new opportunities to …

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