By John Richardson THE PROSPECTS of a trade deal seem to have have faded into the distance as a result of Tweeted threats from President Trump that the US will raise tariffs to 25% from 10% on $200bn worth of Chinese imports, including several chemicals and plastics. The increase would happen on Friday, he said. […]
Asian Chemical Connections
Pressure on US builds as PE exports to China tumble and EU considers tariffs
By John Richardson DONALD TRUMP insisted in early March that he was willing to walk away from a bad trade deal with China. But it now appears that the US is prepared to water down its demands in the interests of getting a deal done. The above chart helps to explain why. The first bar […]
China 2019 PE demand grows in double digits as PP struggles
By John Richardson CHINA’S polyethylene (PE) and polypropylene (PP) markets continue to tell us something very important about the broader economy. In PE, Q1 net import and production data when annualised for the full-year 2019 implies demand growth of 11% over last year. This would be even higher than in 2018, when consumption compared with […]
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