1. 2005 is likely to continue to be a strong recovery year for petrochemicals and, therefore, petrochemicals represent a good investment opportunity. 2. The improved performance of the industry will renew investment interest in the ASEAN, Latin American, and other regions which lacked investment during the downturn. 3. Cross-investment between feedstock regions and labor advantaged regions is likely to define competition in the future. 4.The possible revaluation of the Chinese currency or control of the Chinese economy will increase the industrial production of other countries. Only the incremental demand related to China's indigenous consumption (～50% of polymer consumption) would be impacted in terms of global demand. 5. Competition from low labor cost and feedstock cost regions demands that producers in developed countries improve their technology and value-added product portfolios.
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