By John Richardson EVEN IF our base case growth rate* for PE in China in 2019 proves to be correct the H1 data still suggest excess inventories of 755,000 tonnes (click here for a post explaining the methodology). As the China economy further decelerates due to the trade war and domestic economic problems, I believe […]
Asian Chemical Connections
China On The Right Track But US Derailed
By John Richardson LI Keqiang is spending on railways like it is still 2009, according to some analysts. In other words, they believe that China’s prime minister is pouring more money into this one area of infrastructure in a desperate and short-sighted attempt to shore-up economic growth – and they see this as a backward […]
China Coal-to-Olefins Strong Economics
By John Richardson THE economics of China’s coal-based olefins industry are favourable when measured on a cash cost basis in a high oil-price environment, as the slide above from the Singapore-based consultancy Methanol Market Services Asia (MMSA) illustrates. But even when oil prices decline, which occurred in May this year, swinging cash costs back in […]
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