By John Richardson CHINA’S refineries and petrochemicals plants came roaring back to almost full production in April as the country’s coronavirus lockdown came to an end, even though downstream manufacturing was a long way from full recovery. As of last week, I was told by my contacts in China that petrochemicals and polymers buyers were […]
Asian Chemical Connections
China Producer Price Deflation Continues
By John Richardson China’s factory-gate prices have fallen for 14 months in a row because of huge overcapacity in many industries, said the Wall Street Journal in this article. “Producer prices – a measure of prices of goods before they reach consumers – dropped 2.4% in April, the sharpest decline since October, paced by particularly […]
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