PETROCHEMICALS FACING SQUEEZE ON MARGINS INTO EARLY NEXT YEAR

The world petrochemical industry faces renewed pressure on margins that could last into early 1991. Behind the squeeze is slowing demand growth stemming from a world economic slowdown coupled with big capacity hikes. But the industry is in good health. Most observers see no repeat of the market collapse of the early 1980s, when arrival of new capacity coincided with a severe slump in demand. Among industrialized nations, demand growth essentially has plateaued and is not likely in this decade

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