Asian Chemical Connections
The Asia polyolefins market will shift, both in terms of growth rate and in terms of the nature of product demand, the chief executive of Borouge's sales and marketing arm said.
"We see polyolefins demand growth in Asia and the Middle East at around 6-7% in 2013 - not booming versus a few years ago but still healthy versus the rest of the world," said Wim Roels, CEO of Borouge Pte, on the sidelines of the Asia Petrochemical Conference (APIC) in Taiwan.
INSIGHT: Crude price falls push petchems lower, raise price volatility
“Everyone is on the sidelines because they don’t know where the bottom is and don’t know what to do.”
VIDEO: ICIS special report - impact of lower crude oil prices