24 Hrs
Source:
الاقتصادية
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China Petrochemical Shortage After Surplus
The US-Iranian conflict is leading to the depletion of petrochemical inventories in China, where approximately 95% of the end-use stocks have been reduced due to years of overproduction, excessive refining, and market shifts. Supply volatility—including the cessation of Iranian oil exports and the withdrawal of stocks to prioritize the production of gasoline and diesel—has caused increases in the prices of chemicals such as aromatics and olefins, despite ongoing oversupply pressures on the market. It is expected that inventories will continue to decline and that the importance of new production will grow to meet demand, amid persistent excess production capacity and rising costs. This situation is temporarily boosting product prices and exerting greater inflationary pressures on consumers.
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