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Asian Chemical Connections

China: The Politics Behind The “Recovery”

By John Richardson THE overall HSBC flash purchasing managers’ index for January, which was released yesterday, was at a two-year high (see the above chart), with the sub-index of production at a 22-month high. This is great news for equity values and commodity prices, including petrochemicals. We might well see a rally in petrochemicals prices at […]

Beneath the China PMI Hype

By John Richardson A LOT of stock market excitement, and perhaps a recovery in petrochemicals prices (more next week when everyone is back in action), has greeted the release of China’s purchasing managers’ indices for December. The official PMI held steady at 50.6%, while the final HSBC PMI came in at 51.5%, the highest reading in […]

China Politics Before Economics

By John Richardson CHINA’S manufacturing activity did, at least, stabilise in September after hitting a nine-month low in August, according to the latest preliminary HSBC manufacturing purchasing managers’ index (PMI). The PMI improved to 47.8% in September compared with 47.6% in August. Elsewhere, as the chart above shows, Eurozone and US PMI indices declined. The […]

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