PODCAST: China lockdowns could hurt chemical imports, industrial production

Author: Will Beacham

2021/01/12

BARCELONA (ICIS)--Major new coronavirus lockdowns in China could threaten demand for chemical imports, and hurt industrial production of products for local consumption and export.

  • China lockdowns could threaten domestic production
  • This would hurt chemical imports and exports of finished goods
  • Global container shortage should improve after Chinese New Year in February
  • Stellar growth in polyethylene (PE) demand should absorb new China capacity
  • Chemical market tightness signals end of commodity downcycle
  • Europe manufacturing holding up well so far
  • Uncertainty for Q2 and rest of year