Tag Archives | China

China, Chemicals And Interest-Rate Arbitrage

By John Richardson

WHACK A MOLE on the head and another one pops up somewhere else. This is  tremendous fun as an arcade game but not that much fun, metaphorically speaking, for the Chinese government.

“The commodity-backed loans at the …

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China Polypropylene “Demand” Surges

By John Richardson

CHINA’s polypropylene (PP) market has been consistently described as subdued throughout this year.

End-users in China have persistently complained, throughout the year, of credit shortages as a result of China’s economic reforms and so their resin buying …

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Butadiene: Only The Supply Side Logic Adds Up

By John Richardson

LOGICALLY, yes, if you look at the supply side only, there seems to be a strong case for on-purpose butadiene production.

Here is why:…

US cracker operators have substantially lightened their existing cracker feedstock slate and, of

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How China’s “Social Contract” Is Changing

 

By John Richardson

ON this particular day, it is worth thinking some more about how the social contract between China’s leaders and its people is evolving.

Much of the commentary focusing on 4 June 1989 has described how China’s …

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China Housing Is The Key Measure

By John Richardson

CHINA is no longer an export-driven economy. “Eh,” you might well react as you wake up this Monday morning, “has the blog finally taken leave of its senses?”

It is not us saying this, though, but rather …

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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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US Jobs Revival A Mirage

By John Richardson

THE US is well and truly back economically was once again one of the themes at this year’s Asia Petrochemical Industry Conference (APIC) in Pattaya, Thailand.

It was argued that shale gas has led to a manufacturing …

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China Reconsiders Petchems Targets

By John Richardson

CHINA has long set targets for petrochemicals self-sufficiency in each of its  five-year economic plans – and those targets have been pretty aggressive as the chart above, showing the recent rise in ethylene production, indicates. These have …

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Xi Jinping Further Underlines China’s “New Normal”

CHINA’S president Xi Jinping, in a landmark speech at the weekend, talked about the “New Normal” of lower economic growth and a different type of growth altogether.

He qualified this different type of growth as follows: “Through innovation and technological …

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China Credit Squeeze Further Weakens “Real Demand”

By John Richardson

DESPITE the 26% increase in China’s polyethylene (PE) imports in Q1 of this year over the same period in 2013, “real demand” continues to weaken – i.e. the resin bought by end-users to actually make things.

The …

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