VIDEO: China PE market to remain weak on supply-demand mismatch
SINGAPORE (ICIS)–ICIS industry analyst Sijia Li discusses recent developments in China’s polyethylene (PE) market, where PE capacity is growing amid weak downstream demand.
- Supply pressure builds up amid intensive release of new capacities
- Downstream buyers’ purchases slow on weaker-than-expected demand
- New capacities still in rapid growth phase in 2024
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