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Asian Chemical Connections

Why HDPE and other petchem operating rates could remain at record lows until 2030

UNTIL I FULLY understood the potential supply and industry economics implications of converting a lot more oil into petrochemicals, what’s happening to demand and the extent of China’s future self-sufficiency, I used to present charts such as the one above to clients with the proviso: “The good news is that this chart will almost certainly be wrong”. NOW I AM NOT SO SURE

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