Philippines Petrochemicals Report Q2 2018
The Philippines' plastic products output slumped in 2017, leading to a tightening in the domestic plastic market andgrowth in imports. The decline did not affect growth in basic chemicals output or polymers, which continued to soar throughout theperiod, while rubber production saw modest growth. With polymer consumption set to rise by an average of 9% over 2018-2022,there is support for continued domestic supply growth as the country works towards increasing self-sufficiency in petrochemicals.
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