The ICIS Supply & Demand Base Case growth for Eurozone and UK PE demand in 2022 over last year is 1%. Downside 1 assumes consumption will contract by 4% and Downside 2 by 7%.
Asian Chemical Connections
Booming internet sales point towards strong 2021-2025 LLDPE demand growth
By John Richardson ONLINE SALES accounted for 19% of all retail sales in seven industrialised countries in 2020, up from 16% the year before, according to the United Nations Conference on Trade and Development (UNCTAD). Year-on-year online sales growth numbers by country in 2020 included 59% in Australia, 46.7% in Britain and 14.6% […]
China’s Capital Flight Challenge
By John Richardson CHINA’s economic statistics continue to take your breath away. For example, in 1993, the country’s nominal GDP totalled around $613bn compared with estimates of around $9 trillion for 2013. But who owns most of this new-found wealth? “Using various surveys and methodologies, the general consensus is that the wealthiest 1% of urban […]
The more you look at the data…..
Deep in the heart of the great wealth gap Source of picture: Blogmlive.com ….the more convincing seems to be the argument that financial and commodity markets have got way ahead of the recovery in the real economy. Take a recent Credit Suisse report, for instance. Its analysis of monthly apparent demand in China, up until […]
“Real” people start to suffer even more
Bradford and Bingley, UK, auto industry, consumer spending, plastic packaging, financial meltdown