New CMAI study outlines prospects for light olefins

A recent study, "2002 World Light Olefins Anal ysis," from Chemical Mar ket Associates Inc. (CMAI), Houston, provides a historical perspective and an outlook for global ethylene and propylene markets. The study covers capacity, supply, demand, trade, prices, profitability, technology, and production costs.CMAI expects a recovery in the US economy by yearend 2002 and in the global economy during 2003. Near-term energy prices will remain well below peak levels experienced in 2000-01, providing needed relief to weakened economies around the world.Assuming global economic growth has resumed by 2003, CMAI expects demand growth for ethylene and propylene derivatives to return to growth rates of...

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