By John Richardson CHINA’S official PE imports and exports are finally out for January-September 2018 after a very long delay. Until a week ago, official data was only available up until March. Reasons for the delayed release are not understood. What the data show is that on a year-on-year basis, net imports (imports minus exports) […]
Asian Chemical Connections
China Credit Squeeze Further Weakens “Real Demand”
By John Richardson DESPITE the 26% increase in China’s polyethylene (PE) imports in Q1 of this year over the same period in 2013, “real demand” continues to weaken – i.e. the resin bought by end-users to actually make things. The main reason is that China’s determined credit crackdown is having a bigger and bigger effect on […]
China’s Credit Squeeze
By John Richardson CHINA’s leaders have so far refused to back down from their efforts to deal with excessive lending growth, despite a growing credit crisis. Yesterday, the central bank rebuffed pleas to inject more cash into the financial system, adding to the problems of overstretched lenders, the Financial Times wrote in this article. […]
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