Global PE market poised to hit inflection point in 2020 - Dow CEO

摘要

NEW YORK (ICIS)--The global polyethylene (PE) market should hit an inflection point in 2020, following a period of negative or breakeven cash margins in Asia and Europe, the CEO of US-based Dow said on Wednesday. “So far in 2020, we have seen similar conditions to those at the end of 2019. But the dynamic is now beginning to shift. As macro conditions weakened into the end of 2019, third-party industry reports indicated that high-cost producers in many chains were struggling with breakeven or negative cash margins,” said Dow CEO Jim Fitterling on the company’s Q4 earnings conference call.