United States Petrochemicals Q4 2019
Uncertainty will be a key theme throughout the rest of 2019. While President Trump has paused the heightening of thetrade war with China and pulled back from pursuing tariff penalties on Mexico over cross-border migration, the developments havenot permanently settled matters. The US president's unpredictability does not help allay fears that reprieves will ensure stability intrade, which has emerged as his main tool in enforcing his foreign policy. Meanwhile, frictions with Iran are driving up oil prices and,in turn, feedstock costs. Although the US's ethane-fed petrochemicals sector has largely benefited from rising naphtha costs for itsrivals, overall demand is adversely affected. Consequently, risk aversion will undermine the confidence of buyers in the USpetrochemicals industry's key export markets.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook