If you are interested in my take on Asian polyethylene (PE) and polypropylene (PP) prices and margins going forward 12 months, then contact me at this email address – john.richardson@icis.com. I will then provide you with details on how to subscribe to our Asia PE and PP Forecast Reports. By John Richardson IT was […]
Asian Chemical Connections
Yuan Devaluation: Pressure On Jobs Might Lead To 10% Fall
By John Richardson CHINA has set itself the target of creating 10 million jobs this year during a time when real GDP growth, as opposed to the fictional government numbers, is probably down in the single digits. GDP growth is also quite likely even negative in some of China’s hardest-hit provinces. Local newspapers are also […]
Yuan Devaluation: Why, What It Means Now And What Is Next
By John Richardson Why did the yuan devaluation take place, and what happens now and over the next few months? Here is my take on yesterday’s announcement. Although this might not be the main motive behind a move that I predicted would happen in February of this year, a cheaper yuan will provide support for […]
Please Plan Now For A Yuan Devaluation
By John Richardson IF YOU haven’t already planned for the possibility of a substantial drop in the value of China’s Yuan then you have no more time to lose. I suggest every chemicals company that finds itself in this situation should get down to work immediately. The hard questions about why nobody in your company […]
China Exports: Whatever It Takes To Boost Volumes
By John Richardson HERE is a reminder of some key facts about the Chinese economy: Investment, in the form of local real estate, infrastructure and industrial capacity accounts for around 50% of the country’s GDP. China’s total investment levels are 10-15% of GDP higher than comparable countries, such as Japan and South Korea, when they […]
China Drives Down Yuan To Protect Jobs
By John Richardson WE first warned in December 2011 that as China’s economic reforms accelerated, Yuan depreciation was a strong possibility. And then in May of last year, we picked up the theme again by again suggesting that as growth in China slowed, Beijing would attempt to support the economy through boosting exports via a […]
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