Global Olefins and Polyolefins... False Fears and Reality Bites

摘要

The basic chemicals, plastics and synthetic fibers industry emerged from the worst and most extended period of lackluster earnings since the early 1980s and has flourished for four years (2004-2007). The length of time required for the market to reach recovery conditions led to unprecedented and widespread consolidations, mergers and business closures. Additionally, the large, low operating cost facilities being added in "New Gulf countries have caused investment risk aversion in other regions, concentrating new supply sources. Several regions become less self-sufficient as a result - which is the case as well for the member countries of the EU for instance.