Entries from Asian Chemical Connections tagged with 'China economic slowdown'
APIC And Demand
Just an anomaly? Source: American Chemistry Council By John Richardson FEEDSTOCK advantage is, of course, crucially important, but so is demand. And yet the only subject that most people wanted to talk about in any depth at last...
US Set To Adopt A Golden Rule
By John Richardson ONE of the golden rules of petrochemicals is "always run hard if you have the feedstock advantage". As a result, the US is said to have been a little frustrated by a series of operating problems that have constrained their average...
Goldman Sachs Changes Its View On Oil
By John Richardson OUR blogs are awarding themselves a pat on the back today. The reason is that investment bank Goldman Sachs, the largest player in commodity markets, has completely reversed its analysis of oil markets. They now accept our...
No More Of This...
By John Richardson THE big hope is that once China returns from its National Holidays (1-7 October), petrochemicals markets will enjoy a big and sustainable recovery. It is not going to happen. Throughout this year, the hope has been that the...
China PE Growth Disappoints Again
By John Richardson CHINA'S polyethylene (PE) market, along with probably most of the rest of petrochemicals, continues to disappoint as the above chart illustrates. Overall demand in 2012 (red column) was up by just 1 percent in January-August 2012...
Much Less Of This.....
........ Source: FT Beyondbrics By John Richardson A fascinating article by the academic Anil K Gupta and consultant Haiyan Wang offers further support to our long-running argument that the future will not necessarily be the same as the future,...
BBC News Warns On China's Demographic Crisis
A major new report from BBC News suggests that "China's economic model is in danger" due to its rapidly ageing population.It reaches exactly the same conclusions as in our Boom, Gloom and the New Normal ebook. Chapter 6, published in...
China PE Demand Weakness Continues
By John Richardson LET'S put this into context: China's polyethylene (PE) demand grew by 53 percent in 2008-2010. Growth during the first seven months of this year was just 1.7 percent over Januuary-July 2011, according to Global Trade Information Services (GTIS)....
Asian LDPE Margins Reach New Low
LDPE margins in 2012 By John Richardson NORTHEAST Asian integrated low-density polyethylene (LDPE) margins keep plunging new depths. The margins were at their most negative since ICIS records began in 2000, according to the ICIS Asian PE Margin Report for...
China's Butadiene Gamble
Source of graph: http://www.economist.com/ By John Richardson AN assumption is that China's auto ownership will continue to rapidly expand and that, therefore, there will be a big need for substantial domestic expansions of butadiene and synthetic rubber capacity to...
China's Lending Problems
By John Richardson CHINA's bank lending slumped by 41.3 percent in July from the previous month, the country's central bank announced last Friday. This was well below the median forecast of 14 economists polled by Dow Jones newswire, and added...
Middle East-China MEG Exports Surge
By John Richardson MONO-ETHYLENE glycol (MEG) exports to China rose to 4.12m tonnes in the first half of this year from 3.38m tonnes during the same period in 2011, according to data from Global Trade Information Services (GTIS). The main...
"The Worse Things Get....."
Chart sourced from: http://www.financialsense.com/ By John Richardson "THE worse things get the better they are," continues to be the mantra in financial and commodity markets these days. For example, China's inflation slowed to 1.8 percent in July compared with...
Dow: China GDP Growth 3-5 Percent
By John Richardson DOW Chemical's Andrew Liveris has changed his views on China as a result of an economic slowdown that seems to have taken many people by surprise. "China's economy has continued to decelerate as European exports suffered,"...
South Korea "Denial" Continues
By John Richardson EARNINGS estimates for South Korean petrochemicals companies for the full-year 2012 remain around 30 percent above where they should be because "most financial analysts remain in denial", said an industry source. A sign of how...
Polyolefin Demand Remains "Very Weak"
By John Richardson DEMAND remains "very weak" in China's polyolefins markets, said a sales and marketing executive with a major Western producer. "I am having real trouble justifying higher prices to my customers, which are partly the result of...
China Bad Debts
In the first of a series of blog posts on the major challenges facing China's economy over the next 12-18 months, we look at bad debts. High stakes in Hangzhou. Source of picture: Wikimedia By John Richardson A...
KPMG Warns Of US Overcapacity
By John Richardson A management consultancy has gone on the record to warn about what the blog has been warning about for months: That the US petrochemicals industry is in danger of pushing itself into oversupply. KPMG, in...
June China Lending Disappoints
By John Richardson POLYETHYLENE (PE) and polypropylene (PP) offer prices were reportedly on the rise across Asia earlier this week on increasing geopolitical tensions over Iran that led to a hike in crude prices. "Butene-grade linear-low density (LLDPE) offers...
China's Borrowing Slowdown
By John Richardson IT is the demand for loans that matters in China these days more than their supply, as chemicals markets have been telling us for over a month now. And now, statistical back-up for our anecdotal evidence, that...
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