Intro

As demand for transport falters, and with the Middle East fighting for market share, crude oil prices may continue their downward spiral, eventually boosting chemicals demand.  

-          Low oil prices put money into consumers’ pockets

-          Petrochemicals demand will eventually benefit from lower oil prices 

-          Destocking down value chains initially masks demand boost

-          But trade war will likely dampen global economy, chemicals demand

-          China’s move to electric vehicles will reduce crude oil demand

-          Oversupply means oil price decline likely to continue

-          Trade war, demand trends will drive changes in China petrochemicals