April 2003

Trends and Resources

HP Impact: Declining capacity driving improved petrochemicals outlook

While global energy prices had moderated by the beginning of 2002, the increasing political turmoil overwhelmed conventional supply/demand dynamics pushing energy values upward 50 - 100..

Weirauch, Wendy, Hydrocarbon Processing Staff

While global energy prices had moderated by the beginning of 2002, the increasing political turmoil overwhelmed conventional supply/demand dynamics pushing energy values upward 50 - 100% by year's end. The impact of these higher values and the overall political uncertainties was severe for everyone. In a recent market overview, analysts at CMAI warn that "given the capacity overhang prevalent today, petrochemical producers must maintain a close monitor on comparative energy values. Too wide a divergence in key raw material price drivers can severely limit an organization's competitive capabilities." Prospects of econom

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