Last updateFri, 03 Jul 2020 5pm

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Unpredictability Highlights Global Petrochemical Outlook

The global petrochemical industry is heading into the second half of 2019 caught in a whirlwind of volatile crude oil prices, ongoing trade disputes and geopolitical tensions. According to S&P Global Platts, international upheaval has shaped trade flows and price movements in the first half of the year alongside another major trend – the rise of new petrochemical plants as additions to upstream refineries in China.

U.S. trade disputes with China and Mexico have upset global supply, with tariffs and counter-tariffs forcing producers of various petrochemicals to look for new markets and possibly disrupt long-established supply chains if traditional routes are closed or too costly.

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