By John Richardson ANOTHER week has led to another fall in Asian polyethylene (PE) and polypropylene (PP) prices despite higher naphtha feedstock costs on stronger crude oil. Pricing has been weak since the Lunar New Year Holidays, (15-21 February). Market participants had expected the opposite on a recovery in demand following the holidays and tight […]
Asian Chemical Connections
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 […]
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