Hungary Petrochemicals Q4 2018
The Hungarian petrochemicals industry is witnessing strong growth amid new capacity additions and strong demandfrom end-use sectors. Yet, the industry remains vulnerable to exchange rate fluctuations and rising crude prices. H118 witnesseddownward pressure on refinery and petrochemicals margins at the country's leading petrochemicals producer, MOL. Althoughmargins still remain healthy, significant pressure could prompt reduced capacity utilisation and potential for bringing forwardmaintenance turnarounds.