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المشهد العربي
China's Petrochemical Surplus Affected by Energy Crisis
The Petrochemical excess in China is under intense pressure due to the energy supply crisis resulting from the Middle East conflict, which has led to stock depletion and record-high industrial costs. The American blockade has halted Iranian oil supplies, prompting Beijing to focus on producing gasoline and diesel, which has caused inventories to fall to their lowest levels, with about 95% of its final chemical reserves exhausted by 2025. This situation threatens the long-term sustainability of the market.
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