[Tree] US Toluene and DEG market conditions in September 2024

Version 0.34 (2024-09-17 07:35:44.921000)

updates: Integration of DEG market updates and hurricane impacts

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Version 0.33 (2024-09-12 08:33:52.824000)

updates: Toluene prices decline; Hurricane Francine impacts production.

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Version 0.32 (2024-09-06 11:37:26.096000)

updates: Integration of benzene market dynamics and forecasts

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Version 0.31 (2024-08-28 10:33:16.095000)

updates: Prices rise due to supply issues and demand increase

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Version 0.3 (2024-08-26 16:35:33.823000)

updates: Updated HCl market conditions and forecasts

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Version 0.29 (2024-08-20 13:42:26.736000)

updates: Weak demand and supply issues highlighted in the market

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Version 0.28 (2024-08-16 12:07:47.884000)

updates: Updates on US Cyclohexanone prices

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Version 0.27 (2024-07-31 11:03:47.883000)

updates: Propylene Glycol prices decline in Western market

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Version 0.26 (2024-07-30 13:05:10.932000)

updates: The US chemicals sector is poised to outgrow Europe.

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Version 0.25 (2024-07-30 04:59:41.298000)

updates: Explores the challenges and opportunities of sustainability in the petrochemicals industry

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Version 0.24 (2024-07-26 05:04:53.663000)

updates: The global petrochemical market may shrink due to long-term shifts in the global economy, including the end of the China 'economic miracle', ageing populations, sustainability efforts, and the impact of climate change. Artificial intelligence could lead to a loss of employment and reduced petrochemical demand growth. China's construction boom, which drove polymers demand growth, has ended, leading to a decline in new home construction. China's population is shrinking, resulting in less demand for petrochemical products. Ageing populations in rich countries lead to reduced spending and demand. Poor but young countries face challenges in affording climate change mitigation. Geopolitical tensions could impact petrochemicals demand growth. The global petrochemical market is expected to see major consolidation, with plant closures in Europe, South Korea, Singapore, Japan, and Southeast Asia. Electrification of vehicles is not expected to compensate for shrinking petrochemical demand. Petrochemical supply is already sufficient to meet global demand, and capacity growth is focused on China, the Middle East, and the US. Petrochemical demand is shrinking, and scenario planning is necessary for the industry.

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Version 0.23 (2024-07-23 04:58:25.361000)

updates: China's economic growth may never return to previous levels, limiting petrochemicals demand; China's household consumption consistently lower than peers; China's household savings rates are very high, limiting potential for domestic consumption boom; China's demographic challenges impact polymers demand; China's exceptional demand growth lifted global demand; Petrochemical industry needs to adjust supply to bring operating rates back to normal levels; Capacity growth of just 1.6m tonnes a year suggests no full recovery in petrochemicals until 2026; Disproportionate role of China in global demand delays return to normal global operating rates

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Version 0.22 (2024-07-15 07:54:21.419000)

updates: Updates on China's petrochemicals capacity growth and the uncertain future

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Version 0.21 (2024-06-18 05:53:44.918000)

updates: The article from ICIS provides insights into China's chemicals industry and its potential self-sufficiency in chemicals production.

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Version 0.2 (2024-06-14 02:53:27.794000)

updates: The potential impact of China's self-sufficiency on South Korea's petrochemical industry

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Version 0.19 (2024-06-04 03:53:42.375000)

updates: South Korea's petrochemical industry is facing challenges due to declining population and the need to boost exports

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Version 0.18 (2024-05-23 00:52:16.444000)

updates: Analysis of the petrochemicals industry in a bipolar world

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Version 0.17 (2024-05-17 18:54:03.077000)

updates: Mixed outlook for Taiwanese and US chemical manufacturers

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Version 0.16 (2024-05-17 17:51:55.030000)

updates: Updates on US chemical industry and macroeconomic indicators

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Version 0.15 (2024-05-16 17:52:24.339000)

updates: US chemical manufacturers report improved activity levels in Q1 2024

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Version 0.14 (2023-12-26 06:28:09.212000)

updates: Manufacturers' growing pessimism about business prospects

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Version 0.13 (2023-12-25 17:02:23.754000)

updates: Industrial production in Taiwan faces 18th consecutive month of decline

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Version 0.12 (2023-12-02 13:49:15.780000)

updates: Updates on Taiwan's manufacturing sector and composite index

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Version 0.11 (2023-12-01 09:32:06.558000)

updates: Inclusion of stock market decline in China and Hong Kong due to weak factory activity data

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Version 0.1 (2023-12-01 06:39:35.719000)

updates: Mixed signs on China's economy; Weakness in China's service sector

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Version 0.09 (2023-12-01 04:42:17.710000)

updates: Updated information on factory activity in Asia and China's economy

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Version 0.08 (2023-12-01 03:36:27.177000)

updates: Updates on Asia factory activity and China's economy

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Version 0.07 (2023-11-30 22:35:40.772000)

updates: Chinese manufacturing activity contracts for first time in over a year

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Version 0.06 (2023-11-30 05:43:51.664000)

updates: China's manufacturing activity contracted for a second consecutive month in November, missing economists' forecast. Negative sentiment among factory managers persists due to weak demand both domestically and internationally. The non-manufacturing PMI also contracted for the first time in 12 months. Policy advisers suggest implementing further stimulus to achieve an annual economic growth target of around 5% next year. Economists expect another economic dip towards the end of 2023 and spring 2024. More policy support is anticipated, with fiscal policy taking center stage. The government aims to sustain healthy and sustainable growth in the coming years through structural reforms.

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Version 0.05 (2023-11-29 04:36:42.996000)

updates: China's manufacturing activity expected to contract for second month

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Version 0.04 (2023-11-09 10:30:36.089000)

updates: Added information about China's economic slowdown impacting global manufacturing industry

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Version 0.03 (2023-11-01 06:44:59.552000)

updates: The narrative has been expanded and includes more details about the manufacturing activity in Asia.

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Version 0.02 (2023-11-01 02:23:29.265000)

updates: Rephrased and condensed information

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Version 0.01 (2023-10-31 11:30:23.128000)

updates: Added information about the downturn in China's industrial sector and weak external demand

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Version 0.0 (2023-10-31 08:53:40.733000)

updates:

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