New Market Study, "China Petrochemicals Report Q2 2013", Has Been Published
While growth in the Chinese petrochemicals market will be sustained, profits will continue to be squeezed by a combination of rising input costs, weakening downstream markets and surplus capacity. Ethylene capacity is continuing to surge even as ethylene output stagnates, leading to low capacity utilisation and a decline in net imports. This situation will persist over the medium-term even as downstream polymers capacities grow.
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