The global olefins industry is evolving. The headwinds of continued trade volatility, surging inflation, increasing interest rates and lower economic activity have impacted global olefins demand, pushed destocking in the supply chain and dramatically weakened feedstock consumption. The overhang of capacity additions has further heightened the pressure on the industry, greater than at any point since the financial crisis.
Understanding the short-term implications these market dynamics have on the olefins industry will be vital in helping you prepare for, and survive, 2023.
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