Chemical Week
What can WPC tell us about Q1?
Apr 9, 2024
Rob Westervelt and Antionette Smith discuss World Petrochemical Conference takeaways, challenges in recycled plastic markets, industry capacity rationalization, Q1 dynamics, economic indicators, and market trends.
18:15
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Quick takeaways
- Transition to low-carbon materials challenges the industry's sustainability goals.
- Supply overhang impedes margin recovery, with China's growing ethylene production reinforcing self-sufficiency.
Deep dives
Key Takeaways from WPC 2024 Conference
Producers remain uncertain in the market, expecting gradual improvements while waiting for firmer demand signals. Discussions highlighted the energy transition's challenges in meeting ambitious targets for low-carbon materials. The focus was on the gap between commitments and actual capabilities to achieve sustainability goals.
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