Having learnt from its 1938 mistake, in 1941 the state armed itself with a legislative weapon enforcing compulsory destock
across the whole territory.
In all regions, demand for chemical products did not pick up in the first half of January and customers are continuing to destock
Existing AQUs have until the end of the year to destock
The economic downturn has affected both turnover and margins, with cashflow problems being exacerbated by the company's inability to destock
, given market conditions.
Some could destock
their inventories, exit the floating storage market altogether, reducing the market's liquidity, or move on-shore, weighing on already crowded infrastructure, they added.
We may continue to see dismal figures in the first quarter, and a possible recovery in the second quarter when the spring ploughing season begins and the government's 4 trillion yuan stimulus package takes effect," said Qiu Xiaofeng, an analyst with China Merchants Securities' state-owned oil firms, eager to destock
their holdings after piling up aggressively in summer, have begun offering discounts to the official ceiling prices at the pump, with drivers in the Shanghai financial hub benefiting from the fourth cut in 10 days in some stations, state media said.
Tenders are invited for Cotter For Spring Hanger For Wds 4 Locopl Destock
Tenders are invited for Steel Bush For Coupling Rod Pl14130087 Destock
Prices may decline in the short-term as a result of lower seasonal demand or should China destock
but may rise if investment demand increases to take advantage of low prices in advance of general restocking.
He said: ``When CAP reform was first talked about, I thought I'd have to destock
He said: ``I'm sure some producers will be encouraged to keep their numbers up but I plan to destock
by a third.
Our priorities in the second-half of this year are to continue to destock
successfully and return to cash generation thereby reducing debt significantly by January, 2002, " he said.