The Saudi Arabia attacks will have limited impact on chemical markets because demand is poor and inventories are high in many markets. The US China trade war is slowing economic growth and with it, demand for chemicals.
In this insight, ICIS senior consultant for Asia, John Richardson, uses data from the ICIS Supply & Demand database to model the potential impact of disruption from the Saudi attacks on China polyolefin markets. He also calculates that there are huge stockpiles of polyethylene in Chinese warehouses because of a downturn in demand there.
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