Posted by
Savannah Momo on Monday, November 23, 2009 9:42:33 PM
Time-chem & The Global Economy
China is leading the way forward as global trade rebounds. China’s GDP
is estimated to have risen by a seasonally adjusted annual rate of 14%
in the second quarter, OECD says. “The economic stimulus package
implemented by the Chinese government has had a clear and positive
impact on the national economy, and it is already evident that both
demand and pricing of petroleum and petrochemical products are
recovering,” Sinopec said late last month. The global petchem sector
needs recovery to continue as Sinopec and joint venture partners are
set to increase ethylene capacity by nearly 3 million m.t./year through
next year, with plants at Fujian and Tianjin coming onstream in the
second half, and another unit at Ningbo starting up in 2010.
Spring may be arriving about six months late for the global economy and
chemical makers. Late summer economic news has been mostly favorable,
and indicators point to continued improvement in demand. Inventory
depletion is no longer dragging down demand, and restocking could
provide some lift in late 2009.Time-chem will continue to work hard,,
our Pharmaceutical Intermediates
products, Electronic Chemicals products and Fine Chemicals products
will give clients high quality ones, we will provide our best products
and services to better display Time-Chem.
http://www.blogigo.com/timephram