….again By John Richardson THE sharp fall in polyethylene (PE) pricing in China is being blamed on speculative acquisition of cargoes by traders in March and a rise in local production. Apparent consumption (imports plus local production) is reported to have surged to 1.7m tonnes in March and 1.5m tonnes in April compared 1.3m tonnes […]
Asian Chemical Connections
End-users Acting As Traders Influence China PE Price Correction
By John Richardson LAST week’s sharp decline in polyethylene (PE) pricing in China is being partly blamed on converters who occasionally act as traders liquidating their raw-material inventories. Trading activity by end-users can account for more than 10% of total sales activity in the Chinese market in any one week, the blog has previously been […]
Ouch! China High Inventories At Worst Possible Time
Is The China Party Over? Hope you’ve got plenty of aspirin.. Source: The Daily Telegraph By John Richardson Apologies to our readers for a fairly quiet week on the blog this week – my fellow blogger Malini and I have been immersed in a week of training courses for our rapidly-growing training business, ICIS […]
China Chems Liquidity Boost To Continue?
Lots more empty ones like these? Source of picture: http://www.chrismartenson.com By John Richardson THE dramatic increase in China’s money supply during 2009 – the result of an estimated 10 trillion Yuan increase in lending over the previous year – might continue to support plastics and chemicals demand growth during the rest 2010, an industry source suggested […]
China: Yet More Record Imports
By John Richardson The extraordinary China import story continues, raising yet more questions about where all these volumes are going at a time when the government is trying to cool the economy down. Does this mean that speculation continues apace because of all the money still sloshing around the economy thanks to last year’s record […]
Was The Chinaplas Optimism Justified?
Too good to be true?,.,,,,, Source of picture: http://www.arico.tw/en/index.php By John Richardson I VISITED the Chinaplas plastics exhibition in Shanghai late last month and was greeted with a wall of unremitting optimism. Here are a few samples of the incredibly bullish comments from senior industry executives (a fuller version of what was said […]
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