WPC 2020: Pandemic creates broad demand shock…

摘要

The demand shock created by the coronavirus disease 2019 (COVID-19) pandemic, along with the collapse in oil prices, is depressing profitability for chemical makers and scrambling industry supply chains, according to speakers at the 2020 World Petrochemical Conference (WPC) Online strategic dialogue forum. Chemical companies are pulling back investment and facing an environment of sustained lower margins. “Clearly we’ve entered a downcycle,” says Mark Eramo, global vice president/oil, midstream, downstream, and chemicals at IHS Markit. “It raises many questions about the survivability and competitiveness of assets around the world.”