In my downside scenario for China’s HDPE demand in 2023-2040 is correct, the country’s total consumption during this period would be 134m tonnes lower than the ICIS Base Case.
Asian Chemical Connections
China LDPE demand could fall by as much as 8% this year with net imports 500,000 tonnes lower
CHIINA’S LDPE spreads over naphtha feedstock costs have held up very well this. But this doesn’t mean to say that demand is good. Chinese demand could fall by as much as 8% in 2022.
China’s options for economic revival in 2022 narrow as HDPE demand outlook worsens
My previous best-case outcome for China’s HDPE demand growth in 2022 was 6%. My worst-case scenario was a 3% decline. Now, though, I worry that the best-case outcome for 2022 HDPE demand could be flat or zero growth. My worst-case outcome is a 4% decline.
China polyolefins market H1 review: so far so good, but beware of the risks ahead
By John Richardson ALL looks fine in the polyolefins world. The Old Normal appears to have reasserted itself as Chinese demand has come roaring back. (Note that all the following numbers are on a year-on-year basis unless otherwise stated.) H1 2020 data shows that polyethylene (PE) apparent demand (net imports plus local production) grew by […]
Consensus Confidence For 2013
By John Richardson THE consensus view is that Chinese growth will be fine at the very least for the first half of this year, and possibly for the whole of 2013, thanks to all the money still sloshing around the economy. An additional $19.1bn of infrastructure spending, which was announced by Beijing earlier this week, is a […]
Paying For China’s Infrastructure
By John Richardson NEW infrastructure projects in China (see above chart from Rio Tinto) might deliver a boost to chemicals and polymer demand growth in Q4 this year and into 2013. But doubts are being expressed about whether some of these projects can be funded, given the build-up of bad debts in China’s financial system […]
Jump to page: