Chinese chemical output will peak ahead of US.

摘要

According to a recent study from IHS Chemical, global spending on chemical production capacity additions will peak this year at $120B and subsequently decline. Northeast Asia, however, though long a dominant global force in the chemical industry, is ahead of the curve. Actual chemical capacity additions will peak in Northeast Asia in 2014; according to IHS Chemical's Director of Technology and Analytics Russell Heinen, the peak in actual additions necessarily comes after the peak in spending. He added that, "Asian producers are starting to feel the effects of an economy that is growing more slowly, but also the impacts of the feedstock cost advantages that their competitors enjoy in the Middle East and in North America. In response, Chinese chemical producers are adding coal-based capacity to take advantage of the one low-cost feedstock they have."