| Strong demand from downstream products led by healthy consumer demand will help counteract high oil prices in Asia, which are hurting profits of petrochemical producers. Demand in China will be particularly important because several projects for production of downstream products are being undertaken in that country. These projects are expected to come on stream in the next 1-3 years. While oversupply may be a concern initially after the many new facilities begin operations, eventually prices for petrochemicals will stabilize as demand grows. |
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