Petrochemicals: Stronger Demand Expected

Petrochemical producers expect a stronger year as demand continues to recover and capacity additions in the Mideast slow. Global demand for ethylene is expected to increase 3.9% in 2012, to about 132 million m.t., and is expected to grow about 4.3%/year through 2016, according to CMAI (Houston). Global propylene demand, meanwhile, is forecast to grow 4%, to about 83 million m.t. in 2012. The average annual growth rate for global propylene demand is forecast to rise about 4.4%/year, to over 98 million m.t. in 2016. Global nameplate operating rates are expected to...

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