Thursday, 16 May 2013

Czech Republic Petrochemicals Report Q3 2013

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Czech Republic Petrochemicals Report Q3 2013
May 15th 2013, 00:00

The Czech petrochemicals market should benefit from the country''s recovery from recession in 2013 despiteweak growth of just 0.5%, according to BMI''s forecasts. With the industry''s key eurozone export marketsexperiencing a downturn, the persistent strength of the Czech koruna against the euro has militated against arecovery. However, BMI believes that any appreciation over the next few months is unlikely to be strongenough to threaten petrochemicals export growth.Over the long term, the automotive industry will remain a key driver of demand for polymers in the CzechRepublic. Growth in engineering plastics, particularly in the polypropylene (PP) segment, will be inf...

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