Friday, 16 August 2013

United Arab Emirates Petrochemicals Report Q3 2013

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United Arab Emirates Petrochemicals Report Q3 2013
Aug 14th 2013, 00:00

Price: $ 1295  

BMI View: The UAE petrochemicals industry is continuing on its drive towards increased capacity and diversification, but BMI warns that it will have to deal with increasing competitive pressure on crucial export markets, as China and India ramp up production and developed markets remain in the doldrums. China will be the principal source of sales for the UAE petrochemicals industry in the long term, with polyolefins consumption set to reach 60mn tonnes by 2020, almost double the level reached in 2012. As a result, by the end of the decade the country could account for around 60% of Asian demand. However, the ability of UAE producers to profit from that will depend on whether Chinese producers are able to take advantage of low-cost coal resources as feedstock in coal-to-methanol production for use ...

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