Headwinds hinder full global chemical industry recovery

Overview:

Global manufacturing PMIs have surged, bringing key regions such as the US, Eurozone, and China into expansion mode for the first time since 2018.

This expansion coincides with volume recovery in key chemical markets, such as polyethylene (PE) in the US. However, major headwinds persist and will hamper full recovery from the pandemic-induced recession.

ICIS expert Joseph Chang analyses the outlook for global chemical market recovery, with insight from CDI expert Brian Pruett.

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