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2024 APAC Olefins Midyear Outlook

In the first half of 2024, Asia’s olefins landscape was marked by tight supplies and fluctuating prices across key markets, with ethylene, propylene, and butadiene all facing distinct challenges. As new capacities loom and market dynamics evolve, the industry remains on edge, navigating the delicate balance between supply constraints and demand shifts that will shape the region’s outlook for the remainder of the year. Read on for more insights on how the rest of the year might pan out.

  • Two Asia C2 regions, two different challenges for H2 2024
  • NE Asia propylene to see limited volatility despite historic capacity additions
  • China propylene market to seek balance amid rising capacity, margin pressure
  • Supply may remain the key H2 2024 driver for Asian BD
  • China BD supply tight in H1; market monitoring new capacity launches

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