For global petrochemicals, what went up is coming down…down…
Commodities Focus
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Introduction
Red hot demand from mid-2020 through the second quarter of 2022 began softening amid economic uncertainties. Rising interest rates and high inflation prompted pullbacks in consumer spending, which is really shown up in housing and vehicle sales. China lifted COVID restrictions by the end of 2022 but we still have not seen a real rebound in China's domestic demand.
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