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Japan petrochemical producers step back from their position in the global market

January 30/2012

(chemmonitor) -- Japan-based petchem makers are heard to lose the market competitiveness. This comes as s result of the foreign exchange trends.

Local makers expect fixed costs of units to become larger. However, their utility costs are currently at a comparatively high level.

Some naphtha cracker plants are expected to be closed this year. This will negatively impact downstream units. For instance, the ones employed in synthetic rubber production.

 

The demand for petchem products is set to stay relatively slow this year in China, especially from the downstream construction sector.


 

mrcplast.com

Author:Anna Larionova
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Category:General News
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