Petrochemical producers expect that the global petrochemical market demand will continue to recover in 2012. According to CMAI, global ethylene demand will increase by 3.9% to approximately 132 million tons in 2012, and will grow at an average annual rate of approximately 4.3% by 2016; at the same time, global propylene demand will increase by 4% in 2012. About 83 million tons, by 2016, will grow at an average annual rate of about 4.4%.
According to analysts, the average operating rate of global petrochemical plants will remain at a median of 80% in 2012, but the operating rate will start to increase at the end of the year, but for high-cost producers, profitability will decline. To cyclical lows.
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