Recent Study: Hungary Petrochemicals Report Q3 2013
Hungarian petrochemicals output will struggle with poor market conditions, but following a 23% drop in olefins and polyolefins in 2012, it should see a modest improvement, according to BMI forecasts. However, the industry is far from a recovery and it could be at least two years before it approaches pre-recession production levels. Diversification of production in isocyanates and butadiene should enable Hungarian petrochemicals producers to capitalise on the country's position as a production centre for the European automotives industry.
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