Asian Chemical Connections
Although 2011 started off with strong signs of recovery in many markets, by the second half the worsening banking and eurozone crisis began to sap confidence. Growth has continued to be lacklustre in 2012.
In some emerging markets growth decelerated sharply as the knock-on effect of problems in mature markets rippled across the globe. Many Latin American companies achieved double-digit sales growth. But slowing growth in Brazil hit results for Braskem.
INSIGHT: China may see major ethylene shortfall by 2019
"At $50-90/bbl for Brent, UBS estimates the internal rate of return (IRR) for China CTO/MTO projects range from 5-10% – mostly too low to justify inve
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