United States Petrochemicals Q4 2018
Tight supplies of ethane pose at least a near-term constraint on US polyethylene production and exports that arefundamental to the expansion of the country's petrochemicals expansion. This trend will put downward pressure on margins ascosts climb. More significantly for the long-term outlook, President Donald Trump's threats to rewrite or tear up NAFTA along with atrade war with China create uncertainty with the chemicals industry urging continuity. Completion of crackers has also laggeddownstream plants, while there has been a sluggish monetisation of propane resources to produce polypropylene. Nevertheless, taxreforms will provide a massive shot in the arm for the petrochemicals industry with the expectation that mooted plans will go aheadand profitability will fuel investment.
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