World market's Q1 shift to China extends through Q2

摘要

The pattern observed after Q1, with China's growth offsetting weakness in other markets, has continued through Q2 and appears likely to persist through year-end. China's H1 09 fibre demand was up 30% over H1 08, whereas all other markets together showed an H1 decrease of 10%, resulting in a 2% net increase for the world. Fibre vendors throughout the world are supporting China's demand, with some saying they are booked well into H2 09.