PETROCHEMICAL CONSUMPTION SEEN SURGING IN EASTERN ASIA

Growth of petrochemical consumption in eastern Asia will double worldwide rates in the 1990s, Chem Systems Inc. predicts. Large increases in eastern Asia's petrochemical capacity during the decade, especially in South Korea, will move the region toward self-sufficiency and place downward pressure on prices, the Tarrytown, N.Y., firm said. The region's supply-demand balance will vary by product. Chem Systems expects high density polyethylene deficits to persist, while shortfalls of

Feb 3rd, 1992
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