Episode 1398: Think Tank: Bleak China data means more trouble for chemicals
Latest economic statistics from China suggest its economy is still flagging, meaning it will cont...
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Show Notes
Latest economic statistics from China suggest its economy is still flagging, meaning it will continue to export excess chemicals capacity into global markets.
- China’s economy is sputtering as country deals with excess domestic capacity and ruptured property sector
- Global chemical markets likely to see more flows of cheap material from China, undermining prices and margins
- Latin American Petrochemical and Chemical Association (APLA) delegates in Mexico report rising pressure from Chinese, US imports
- ICIS data shows spreads near record lows in Asia, little hope of recovery to long-term averages