Petrochemical industry adjusts to Asian flu

SE Asia Petrochemical Prices (CIF) [52,389 bytes] Ethylene Capacity Changes, Western Europe [51,517 bytes] Middle East Petrochemical Market Share, 2000 [58,014 bytes] The Asian economic flu and the resulting slowdown in growth-especially in Indonesia, Thailand, and South Korea-will cause a 25% decline in demand for major commodity polymers in 2000, says Marshall Frank, president of Chem Systems Inc., Tarrytown, N.Y. This change in the Asian market is being felt by petrochemical producers around the world, to varying degrees and in different ways. Asian countries' petrochemical import patterns are shifting, with more supplies coming in from outside th...

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