Question · Q2 2025
Asked about the outlook for petrochemical capacity closures globally, particularly in China, for 2025-2026. Also inquired about the expected timing for potential government support measures in Brazil, such as antidumping duties.
Answer
The company noted that capacity rationalization, especially in Europe, is happening slower than expected due to government subsidies keeping inefficient plants online. China is adding significant capacity to become self-sufficient, which will continue to pressure the market. On antidumping, they believe the technical arguments are strong, but there is no specific deadline for a decision, although the investigation process has a final deadline of May of the following year.