Entries from Asian Chemical Connections tagged with 'china credit tightening'
"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...
Confidence Is Often Relative
By John Richardson CONFIDENCE can be very relative. So, compared with late Q4 last year when global cracker and derivatives markets ground to a virtual halt, perhaps it was inevitable that January would see some kind of rebound in the...
Forty Five Minutes On China
By John Richardson CHINA'S GDP (gross domestic product) growth could fall to only 6.6 percent this year compared with 9.2 percent in 2011, warned Patrick Chovanec, an economist at the Tsinghua University's School of Economics and Management in Beijing in...
Investors Predict Strong Petchems Rebound
By John Richardson POLYETHYLENE (PE) inventory levels are thought to be so low at the converter end of the business in China that a case is being made for a strong recovery in demand and pricing post-Lunar New Year. A...
The Risks Of Being An Outlier
By John Richardson THE blog has been mystified throughout this year over why senior industry executives appear to remain "in denial" over the weakness of global petrochemicals markets. Time and again we have heard the comment that the falls in...
The Planning Process Gets Harder
By John Richardson EARLIER this week we talked about the possibility that China might devalue the Yuan rather than allow it to further appreciate. We have since been told by a senior chemicals industry source that this is exactly...
China Property Prices Down 30-50 Per Cent
By John Richardson A BIG reduction in real estate prices is now underway in China, creating the potential for more property/chemicals traders to go bust. The China Daily reports that home prices in suburban areas of Beijing, Shanghai, Shenzhen...
US And Europe Polyolefins Raise Exports
By John Richardson in Houston, Texas DESPERATELY weak polyolefin demand in both the US and Europe is resulting in an increased focus on export markets. The US market appears to be in particularly severe distress with, as we discussed last...
LDPE No Longer A "Speciality Polymer"
The shoe might now be on the other foot (ouch...apologies) Source of picture: http://5magazine.files.wordpress.com/2010/09/reebok_zigtech_5-570x5371.jpg?w=606&h=570 By John Richardson NOT so long ago several major producers were evaluating new investments in low-density polyethylene (LDPE), as the almost-serious comment...
US PE Exports To Flood China
By John Richardson SPENDING time with your customers is always a good idea, but doing so seems to have become even more important during a very difficult year for China's polyolefins business. The reason is a split between the fortunes...
More trouble for paraxylene ACP
By Malini Hariharan In yesterday's post the blog made a reference to the difficulty in settling the October Asian contract price (ACP) for paraxylene (PX). Wide differences in price expectations have held up negotiations with buyers rejecting producers' initial efforts...
Why China PE Demand Will Not Grow In 2011
By John Richardson THE blog hears that some industry observers are persisting with the Supercycle theory for petrochemicals based on "decoupling" - i.e. emerging markets will compensate for any new recessions in the West. We find this baffling as evidence...
Cosy Platitudes Are Not Enough
By John Richardson DO you trust your government to always get it right? The answer in the case of the West is "of course not", but in China's case the publicly-expressed assumption still holds that the economy is being effectively...
China Latest Credit Tightening Blow To Chemicals
By John Richardson CHINA'S decision to temporarily halt lending by some banks - which was announced yesterday - as it attempts to further cool the economy will likely have a significant effect on chemicals demand and pricing. This follows last...
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