Money to be made, or saved, again?….. Source of picture: www.evworld.com After last week’s estimates, a big producer (who wishes to remain anonymous) has given us his forecasts for the strength of 2009 growth in demand for polyolefins in China – see full details in the article below. Interestingly, he saw the dip in […]
Asian Chemical Connections
Polyolefins And Football: An Historic Parallel?
Is history about to repeat itself? Source of picture: www.vietbao.vn The last year for polyolefins has been a bit like the wonderful 1980s and early 1990s for genuine football fans – when the often-repeated phrase of Manchester Utd supporters was “next year, definitely” when they were talking about their prospects for winning the […]
China PE Growth All-Time High
Source of picture: www.americanprogress.org By John Richardson China’s high-density polyethylene (HDPE) demand is expected to grow by 38% to around 7m tonnes forecasts CBI China, the Shanghai-based commodity information service. Linear-low density (LLDPE) is expected to rise by 30% to 4.6m tonnes and low-density polyethylene (LDPE) will increase by 20% to 3.4m tonnes, […]
The Immediate Dubai Impact
On A Very Sticky Wicket www.theage.com.au By John Richardson As one my colleagues said – it’s a good job the US stock markets were closed for Thanksgiving. Lots of efforts are being made to talk the Dubai World crisis and down – and despite drops in Middle East market equities – Asian markets rallied […]
Reading The Minds of China’s Leadership
By John Richardson A lot of the projects which have pushed the world into severe overcapacity were based on the assumption that China would remain in big deficits for many basic commodity chemicals and polymers. It was thought that the world’s most-important market would remain a sink for surpluses for a very long time […]
China Polyolefin Demand Set To Rise By 30%
By John Richardson in Shanghai and Malini Hariharan China is set to see polyolefins demand growth of 30% or more this year, depending on the which particular grade, according to preliminary estimates prepared by companies and market analysts. Even if you take into account last year’s relatively low growth rates (I say relative because despite […]
Anxiety Builds Over China Growth
Will growth spread quickly enough? Source of picture: www.oraclemarketplace.co.uk By John Richardson Global chemicals production had returned to 2006 levels by October of this year, according to this slide ACCProduction09Versus06.ppt from the American Chemistry Council (ACC). Worldwide chemicals growth rates might not return to 2008 levels until 2012, Jurgen Hambrecht, CEO of BASF, warned […]
China Real Estate: When Is A Bubble A Bubble?
Source of picture: www.managingthedragon.com By John Richardson I love the phrase used by Andrew Peaple of the Wall Street Journal in this article on China’s property “bubble”: Getting a straight answer is like “nailing jelly to a wall”, in other words xxxxxx impossible. I will be in Shanghai next week on a business […]
Unravelling China’s polyester market
By Malini Hariharan (Malini is now joint blogger for Asian Chemical Connections) China’s immense appetite this year for all petrochemicals has been puzzling many of us. This blog has been regularly asking questions and some answeres for the polyester and PTA markets were provided by YJ Kim of PCI Xylenes & Polyesters at the Indian […]
A Chilling Chinese Export Rumour
“They are so cheap, I might even buy one as a hedge against global warming” Source of picture: www.formalwilderness.blogspot.com This blog has spent a lot of time tormenting itself over the sustainability of China’s extraordinary economic rebound during 2009. “Just where are all those imports of chemicals and polymers (polymers up 50% year-to-date) going?” […]
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