Global petchem market due rebound in long term

The outlook for global petrochemicals markets is one of tough times in the near to mid-term, followed by robust recovery in the longer term.That's the general forecast suggested by a series of recent studies by Chemical Market Associates Inc., Houston.Specifically, the studies concluded:Worldwide demand for polyolefins will continue to enjoy robust growth in the years to come, but a persistent capacity surplus will undermine margins in the near to mid-term.Methanol producers in the years to come will find themselves increasingly focused on niche markets as profitability hinges more and more on geographic location and feedstock costs.Chlor alkali producers face a tough time in the next...

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