Entries from Asian Chemical Connections tagged with 'China inflation'
China Labour Supply Threatens Productivity Growth
Chart compiled by the China Real Time Report blog. By John Richardson NOBODY should be surprised about what is happening in China's petrochemicals markets, as the signs have been there for many months that economic rebalancing would have...
China Demand Worse Than Just Before CNY
By John Richardson CHINA'S demand for polyethylene (PE) is lower than immediately ahead of the February Chinese New Year (CNY) break, said a Singapore-based polyolefins trader. "For demand to be less than just before the New Year, when most traders...
Less Bling, Please
Source of picture: Luxepost.com By John Richardson CHINA'S industrial output has had the weakest start to a year since 2009 and retail sales growth has slowed, according to this article from Bloomberg. New local-currency loans for February were...
China NPC Underlines Inflation Focus
The course of true love never runs smooth.....Happy China couples get divorced and then plan to remarry in order to avoid new property tax Source of picture: Quirky China News/Rex Features By John Richardson China will see "large inflation pressure in...
China Credit, Commodities Bubble
By John Richardson China announced last week that its state-owned banks had lent Rmb1.07 trillion ($172m) in January, which was more than double the amount in December. Financial markets have taken as evidence that the economic recovery has gained momentum....
China Stimulus Confusion
By John Richardson THERE was much talk last week about $158bn worth of new infrastructure projects in China that have received fast-track approval from the central government. But is this just a lot of noise to boost financial and commodity markets?...
Not "Business As Usual"
By John Richardson THE notion that Asian polyethylene (PE) markets would soon bottom out, which was widely expressed at the Asia Petrochemical Industry Conference (APIC) last month, seems to have been discredited. There was a slight recovery for the...
PE Middle East Offers Keep Falling
By John Richardson POLYOLEFIN markets are not going to bottom out until August-September at the earliest, according to several producers and traders who the blog spoke to yesterday. And even if prices do eventually stop declining, confidence has all but...
No Big China Relief
By John Richardson Wen Jiabao re-emphasised at the weekend that China's economic policy would be tweaked rather than radically overhauled because inflation, despite declining further in April, remains a major threat. Anybody hoping for a stimulus package on the...
The Worst Things Get The Better They Are
By John Richardson THE more that China's economy weakens, the greater the hope of a recovery in the second half of this year. This type of thinking was in evidence last week. The release of a raft of disappointing economic...
China's Inflation Challenge
By John Richardson In our third post on the context behind last week's steep fall in polyolefins prices,and the prospects for a recovery, we look at inflation - one of China's numerous economic challenges.....I NFLATION remains a major threat in...
Asian Polyolefin Prices Tumble
By John Richardson Asian polyethylene (PE) prices slumped by $90-130/tonne last week on the eurozone crisis, the fall in oil prices and the imminent arrival in China of large volumes of Iranian material, according to ICIS pricing. A further...
China Economic Optimism
By John RichardsonECONOMISTS think China's growth has bottomed out, thanks to unexpectedly strong March bank lending. They also think that interest rates will stay low for a long time, even if rates cannot be cut because of the inflation problem. New...
MEG's Fading Star
By John Richardson CHINA'S mono-ethylene (MEG) market was supposed to be very strong this year. But instead, to date we have seen persistently weak market conditions that few people, least of all the traders, seem to have anticipated. The...
China And Inflation
By John Richardson MUCH excitement heralded the announcement that February inflation in China had fallen to a 20-month low of 3.2 percent - well within the government's annualised target of 4 percent. This led to the belief that the government would...
China Auto Sales Point To Long-term Shift
By John Richardson The impact of Chinese government policy adjustments on petrochemicals demand was further highlighted late last week, when auto-sales figures for January-February were released. Sales declined by 4.4 percent, the worst two-month start for the industry in seven...
A Palpable Sense Of Panic
By John Richardson THE blog has sought to add to the debate during the four years it has been operating by thinking around the big macro-economic issues, and constantly keeping in touch with our market contacts at "ground level" in...
US Cooks The Golden Goose
By John Richardson THE blog would sincerely like to find evidence that it has been wrong and report a strong, sustainable recovery in China's polyethylene (PE) market. Alas, however, the rise in pricing of around $100/tonne over the last four...
It All Depends On Your Time Frame
By John Richardson HOW long a recovery lasts is always relative to your investment horizons. For example, if you are a day trader in the Dalian Commodity Exchange's futures contract in linear low-density polyethylene (LLDPE), a rebound might only need...
"Known Unknowns" And China
By John Richardson IF the blog had a dollar for every time we had read reports about Chinese growth being constantly buoyed by rising domestic income levels and increasing urbanisation, we would probably be as rich as a mid-level executive...
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