European Petrochemicals

Waiting for recovery: Greater volatility has caused producers and buyers alike to adopt a cautious outlook. Demand for petrochemicals has slowed in Europe after a strong rebound in 2010 and early 2011, amid signs of a weakening global economy and growing sovereign debt concerns in the U.S. and Europe, as well as lower energy and feedstock prices. Producers expect the global recovery to resume, but analysts say it may not be until long after 2012 that the European petrochemical industry sees substantial new growth. ethylene demand is expected to grow about 2.4% in...

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