Tag Archives | steel

China’s PP production rises 25% as it moves into higher-value export markets

Everyone is now beginning to notice the change in economic policy in China.  And concern is rising about the outlook for all those new petchem investments about to come online, whose rationale has been the need to supply ever-increasing growth in Chinese demand.  The chart above highlights the reality behind this wishful thinking: Everyone “knew” […]

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Inflation makes a comeback

Oil prices last week rose to an all-time, inflation-adjusted, high in New York at over $92/bbl. Meanwhile food and commodity prices have continued their upward march. In China, the rate of consumer price inflation hit a decade-high of 6.5% in August. So why are we still seeing rates of around 2% reported in the USA […]

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