The global petrochemical industry has been on a roller coaster over past years due to drastic changes in production regions, supplies and markets. The significant reduction of the oil price in 2015 has boosted the competitiveness of the Asian petrochemical industry that relies on naphtha as the raw material. This article seeks to analyze the changes in the competitive landscape of the global petrochemical industry as a result of the low oil price.
I、Impact of Low Oil Price on Petrochemical Industry
II、Petrochemical Companies’ Return to Stable Profits Once Low Oil Price Becomes Norm
III、Different Levels of Low Oil Price Impact in Different Regions
IV、Conclusions
Figure 1 Impact of Low Price Oils on Different Regions