For global petrochemicals, what went up is coming down…down…
Commodities Focus
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BASF's Rationalization of Production and Supply With European Demand
BASF has made some announcements about pulling back on some production capacity. Europe's been lucky through the winter with natural gas prices and energy prices have not been as high as they could have been. But you're still looking at producers that they seem to not see a whole lot of incentive to build anything new in Europe. And I think because of the past year, the energy crisis that followed Russia's invasion of Ukraine, I think that's accelerated it.
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