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Chinese plastic makers bets on cheap US gas are foiled by disruptions at Panama and Suez

China’s massive expansion in petrochemicals production capacity face fresh challenges as shipping crises in the Panama Canal and the Red Sea raise freight costs and curb access to US propane supplies.

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Chinese Plastic Makers Bets on Cheap US Gas Foiled by Disruptions at Panama and Suez

Chinese Plastic Makers Bets on Cheap US Gas Foiled by Disruptions at Panama and Suez
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Laman Sun Valley Catholic Community bids farewell to Fr Larry Tan, SJ

Herald Malaysia - daily news source with Malaysian and Global coverage of the Catholic Churches. Catholic News,World Christian News, Malaysia Church News

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china: A glut of made-in-China plastic will dent oil s growth machine

China s investment in the petrochemicals industry is leading to excess capacity and falling profit margins for the industry as a whole, as a slower-than-expected rebound in demand means oversupply of materials that go into plastic-making such as ethylene and propylene is on the horizon. The construction of more than 20 petrochemical projects in China, set to be completed this year, will increase China s already significant market share of global manufacturing capacity to nearly a quarter by the end of 2020.

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A Glut of Made-in-China Plastic Will Dent Oil s Growth Machine

(Bloomberg) Once touted as a key driver of global oil profits, the plastics industry is staring down years of anemic margins as giant plants in China look set to send a deluge of production into the market. Most Read from BloombergWall Street Soothsayers Are Bewildered About What’s NextYellen Had Candid Five-Hour Meeting With China’s He, US SaysAnt to Buy Back Shares at 70% Lower Valuation Than at IPOCEO Who Grew Up in Poverty Builds Rare $1.4 Billion Fish StartupMacron Is Trying to Get Back

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