Good Giffen

[ChinaPropertyFocus @ChinaPropFocus]

#Citi: We turned less bearish from Feb’25 & more positive on the #Chinaproperty sector after the NPC on: (i) solid sales in Jan/Feb;
(ii) accelerated local execution in land repurchase;
(iii) positive signals on support as in Vanke’s case;
(iv) proactive local govt tone

[Ed Finley–Richardson @ed_fin]

⚠️ Explosive accusations by Jorge Montepeque (Onyx): “This morning I was talking to a bank who told me that an OPEC member called the seniors [management] to tell them to fire analysts who don’t toe the line. (...) This results in faulty data used by the industry.”

[Balaji @balajis]

Meanwhile, China is signing free trade agreements.

[Marko Papic @Geo_papic]

Lots of criticism that Oval Office meeting is a "win for Russia." But that's the best part about it! Moscow now has so many "wins" to celebrate that they can sell a complete and utter "loss" to their public as a victory! That is how wars end. Slow clap. 👏

[Science girl @sciencegirl]

London in 1858

[Lyn Alden @LynAldenContact]

Here's a thread about social media decentralization.

A couple years ago, I tried to "like" one of Doomberg's posts about a platform, and I literally saw the heart fill up, and then drain out of it like blood. I'd never seen that before.

Twitter said me liking that was disabled:

[Science Magazine @ScienceExpand]

Physics

[Mysteel OilChem(Energy&Chemicals) @MysteelOilChem]

China is set to add 7.1 million tonnes per year of new polypropylene (#PP) capacity in 2025, bringing the total to 51.71 million tonnes per year, a 15.91% YoY increase, according to Mysteel OilChem.

The expansion includes 14 new production lines: 4.2 million tonnes per year oil-based, 1.7 million tonnes per year #PDH-based, and 1.2 million tonnes per year coal-based. From 2020 to 2024, China's PP capacity grew from 28.82 million tonnes per year to 44.61 million tonnes per year, and the current expansion phase is expected to conclude in 2025.

Beyond 2028, the industry is projected to face full overcapacity, with outdated capacity being phased out.

Read in full: https://t.co/B7CnSWmsVs

Mysteel's China PP Industry Chain Data delivers 100% market coverage on PP output, >95% coverage on planned production schedules, and exclusive inventory tracking across six key downstream sectors, ensuring the most extensive, timely, and accurate market intelligence among peers.
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👉 Click for a Free Trial: https://t.co/qHfMLC37KE

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[David Ingles @DavidInglesTV]

"... a structural regime shift is finally happening within China's equity market..."

Morgan Stanley drops bearish China call.

[Brad Setser @Brad_Setser]

Think this chart is essential for understanding today's global economy --

Trump wants to shrink the US trade deficit (though his desire for tax cuts may "trump" his trade goals);

Xi's growth strategy is exporting while not importing ...

1/

[Good Giffen @GoodGiffen]

@Brad_Setser Great point. I track the aluminium industry very closely and am surprised that for all the hype around demand from decarbonization/electrification, primary producers don’t want to expand & would shift strategy to rather recycle scrap. They probably see that inevitable surplus.

[Javier Blas @JavierBlas]

Glencore becomes the latest UK-listed natural resources company to say it's considering moving its London primary stock listing elsewhere.

"We're under active consideration about whether we move our listing to a jurisdiction that may be more appropriate," Glencore CEO says.

[Raghu @IndiaTales7]

18. In 1966, Muhammad Ali knocked out Cleveland Williams. One of the best sports photos of all time, by the great Neil Leifer.

[Good Giffen @GoodGiffen]

@TimesAlgebraIND 🤡

[Joe Weisenthal @TheStalwart]

Important lesson here applicable to many commodities

[Andrea Hotter @AndreaHotter]

"This is consistent with action his administration wisely took during his first term and we are confident he will take again," it adds.

Fun fact: the US imports about 2/3 of its #aluminium from Canada. The US relies on Mexico and Canada for ~90% of its aluminium scrap imports

[Leo @LeoNelissen]

The American aluminum industry has been hollowed out as well.

[Kaushik Basu @kaushikcbasu]

Extreme inequality is bad in itself, but in today’s digital world of information control & influence, extreme inequality can spell doom for democracy, with the masses losing out not only in terms of relative wealth, but also their voice.

[Cricinfo @cricinfo]

'A born cricketer' 🐐

Do you agree with Ricky Ponting? 🤔

[Ozzy Osbourne @OzzyOsbourne]

The original @BlackSabbath – Ozzy Osbourne, Tony Iommi, Geezer Butler and Bill Ward – will play for the first time in 20 years. The band will take to the stage to headline BACK TO THE BEGINNING on July 5th at Villa Park.

The all-star event will celebrate the true creators of heavy metal and will see @OzzyOsbourne play his own short set before joining with Black Sabbath for his final bow.

“It’s my time to go Back to the Beginning….time for me to give back to the place where I was born,” Ozzy Osbourne said. “How blessed am I to do it with the help of people whom I love. Birmingham is the true home of metal. Birmingham Forever.”

Formed in Birmingham in 1968 and going on to become one of most successful metal bands of all time, Black Sabbath have sold over 75 million albums worldwide across their legendary career. Setting the blueprint for the many routes heavy metal took, Black Sabbath’s influence and importance is as vital today as it was in the early 1970s.

Music Director @tmorello said: “This will be the greatest heavy metal show ever.”

BACK TO THE BEGINNING will feature sets from @Metallica, @Slayer, @Pantera, @GojiraMusic, @Halestorm, @AliceInChains, @LambOfGod, @Anthrax and @MastodonMusic

The all-day event will also feature a supergroup of musicians. Artists announced so far include @BillyCorgan (The Smashing Pumpkins), @DavidMDraiman (Disturbed), @DuffMcKagan & @Slash (Guns ‘n Roses), Frank Bello (Anthrax), @FredDurst (Limp Bizkit), Jake E Lee, @JDavisOfficial (Korn), KK Downing, Lzzy Hale (Halestorm), Mike Bordin (Faith No More), Rudy Sarzo, @SammyHagar, @ScottIanthrax (Anthrax), Sleep Token ii (Sleep Token), Papa V Perpetua (Ghost), @TomMorello (Rage Against The Machine), @WolfVanHalen and @ZakkWyldeBLS.

More names will be announced shortly.

Tickets go on sale at 10am GMT on Friday 14th February 2025 at https://t.co/FmNL9uFzN5.

All profits will go to the following charities: CureParkinson’s, Birmingham Childrens Hospital and Acorn Childrens Hospice, a Children’s Hospice supported by Aston Villa.