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Although activity in the European petrochemicals industry tends to slow down in the summer, there are fears that more pressing events will affect market dynamics this ye.
Much of the financial pressure on Europe remains the result of international trade tensio.
A European polyethylene (PE) producer said of the ongoing trade war: “I personally think we are heading into a recession, but at the same time we are always watching where the trade war is goi.
While economic pessimism in the first quarter wasn't widespread, many companies' second-quarter results were less upbeat than expected, and there's a growing sense that things will improve in the second half of 201
"It's unbelievable how quiet the market .
Even petrochemical companies reporting second-quarter growth were cautious about confiden.
The economic slowdown has dented hopes for an economic recovery in the second half of 201
Some observers liken the extent of the weakening in demand to the aftermath of the global financial cris.
A fatty acid trader said: "From all the information I've gathered from competitors, buyers, sellers, e.
