By John Richardson THE blog would again be in the position of being able to afford a yacht in Monte Carlo if it had a dollar, even in an Australian dollar these days, for every time it has heard the phrase “urbanisation will underpin long-term growth in China”. But just as some of the other […]
Asian Chemical Connections
China Market Rally In Context
By John Richardson ETHYLENE spot prices rose by $20-50/tonne in Asia last week on the back of stronger derivatives pricing, including a $5-25/tonne increase in polyethylene (PE), according to ICIS. However, nobody is cracking open the champagne. As the chart above shows, despite a $51/tonne improvement in Northeast Asia’s variable cost integrated margins for […]
China, Patronage And Innovation
By John Richardson CHINA has to improve innovation if it is to avoid the middle-income trap. Some people assume that success is a given because of China’s great achievement of lifting hundreds of millions of people out of absolute poverty over the last two decades. But rapid industrialisation and infrastructure spending, which were the methods of […]
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