The global ethylene market faces a 10 to 15 per cent oversupply, largely from Asia, pressuring margins and reducing utilisation rates, while European demand falls.
The polyethylene sector projects a 30 million ton surplus, with increased exports from the US and Asia.
Meanwhile, the methanol market grows with new capacity from Malaysia and higher production in North America.
The global ethylene market faces a 10 to 15 per cent oversupply, largely from Asia, pressuring margins and reducing utilisation rates, while European demand falls.
The polyethylene sector projects a 30 million ton surplus, with increased exports from the US and Asia.
Meanwhile, the methanol market grows with new capacity from Malaysia and higher production in North America.