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  1. Petrochemicals in facts and figures

    ... supply reduction, something that cannot be said about the increase in raw material costs. An explosive growth in demand was the key feature of the US PP market – not only in the third quarter, but over 2021 in general. For example, Braskem’s CEO said in an interview that demand for PP in North America for FY2021 is set to increase by 8% year-on-year, stating that the market has reached a unique point of excessive demand and tight supply, yet global arbitrage and logistics are ...