Oversupply casts a shadow on global petrochemicals in 2024
New Delhi [India], January 4 (ANI): The global petrochemicals industry faces headwinds in 2024 as economic uncertainty, weak operating rates, and oversupply continue to limit the prospects for a robust recovery.
According to SP Global Commodity Insights, despite signs of demand stabilization, chemical makers are cautious about predicting the pace of recovery amid persistent challenges.
Weak economic growth and oversupply