By John Richardson A GREAT example of the extent to which global supply chains are exposed to China is in the polyester sector where, as you can see from the above charts, China completely dominates global net imports of paraxylene (PX) and ethylene glycols (EG). Note that our database puts mono, di and tri-ethylene glycols […]
Asian Chemical Connections
China Still Destocking
By John Richardson A NEW report from HSBC supports our argument that China’s synthetic resin market has yet to bottom out. Big structural changes in China’s economy are an additional factor, in our view, to the slowdown in China not covered in the comments below. The bank highlights, of course, the weak business environment […]
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