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  1. Petrochemicals: highs and lows of 2020

    The petrochemical industry is coping with an unprecedented economic crisis. During the lockdown, demand in some segments sank by as much as 70%. Experts forecast recovery to pre-crisis levels of demand and prices only in 2021–2022. And then there is the risk of a second wave. Petroleum products: price fluctuations Just like the broader market, this segment saw the record slump in spring and is only now beginning to recover. One of the casualties of the coronavirus pandemic and the lockdown that...

  2. Petrochemical market: 2020 snapshot

    SIBUR’s CEO Mikhail Karisalov talks to Kommersant about the impact of the pandemic and the OPEC+ deal on the markets and the Company’s business. How are the Company’s core business segments doing this year? What has been the pandemic’s effect? Our basic polymer sales have grown quite a lot year-to-date. In Q1 2020, our polypropylene and polyethylene ...

  3. ICIS: Rules no longer apply

    ... industries. China: moderate growth The forecasts regarding China’s economic prospects are not uniform. Many optimists believe that the country will overcome the crisis through fiscal and monetary stimuli. But there is a deterrent in this scenario – if markets and shopping centres reopen, the country risks a second wave of the infection. Experts believe that the recovery of the Chinese economy can mitigate the pandemic consequences for global markets. Photo: TCL Air Conditioner employees at ...