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New Silk Road Part 2: How China Will Win

Here is the second part of my thinking on what China’s New Silk Road means for the global chemicals industry. Part One appeared last Thursday.

 

By John Richardson

PER capital GDP in Yunnan province in China’s southwest was just …

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China: Counting The Cost Of Wrong Analysis

By John Richardson

VERY few people listened when I warned in November 2013 that China’s economy was about to enter a “New Normal” as a result of the biggest about-turn in economic policy that China had seen for at least …

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Africa: How To Seize Another Opportunity

By John Richardson

WHEN you’ve finished renegotiating with your lenders, your shareholders and your bondholders about what the collapse of oil prices means for your chemicals company, you will, hopefully, have a strategy to come through this crisis more or …

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China Would Be The Only Winner From A Price War

By John Richardson

IT IS dangerously wrong to still think of China as just a cheap, copycat low-value manufacturing nation. Yes, cheap, agreed, and to begin with, as was the case with the US, it has copied other countries’ technologies.…

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How To Get Through 2015 In One Piece (More Or Less)

By John Richardson

EVERY time the oil price stabilises for just a few days there is pretty widespread talk of the market having found a bottom  and that a rebound is about to begin.

A case in point was last …

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Oil Markets In One Word: China

By John Richardson

A COMMENT I have heard so many times over the last two months is that once oil prices settle down, China’s petrochemicals buyers will have to come back in large numbers in order to replenish what must …

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US Petrochemicals: Three Predictions For 2015

By John Richardson

AS you can see from the table below, there are  no less than 12 US ethane-based cracker projects being planned with lots of associated downstream capacity.

Theoretically, this represents:…

14.8m tonnes/year of new ethylene capacity at these

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2014: The Rear View Mirror

By John Richardson

MOST of my forecasts for 2014, which I made in this post on 30 December last year, look good in the rear view mirror.

I was right about credit availability being the single biggest issue for the …

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US Petrochemicals Will Suffer From “The Blame Game”

 

By John Richardson

THE chat below provides some very instructive reading as it shows that:…

Since 2000, overall real consumption in US polyethylene (PE) has fallen from around 12.5m tonnes to 12.3m tonnes (real consumption is domestic production plus

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The New Global Financial Crisis: Emerging Market Bonds

By John Richardson

EXACTLY how the new global financial crisis will gather momentum is becoming clearer by the day.

Greatly adding to this clarity was the latest Bank for International Settlements (BIS) quarterly report, which was released earlier this week.…

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