Asia olefins: double whammy from the coronavirus
Countries across Asia have responded to the coronavirus by implementing quarantines and lockdowns to various extents. Refineries have cut utilisation rates in response to the resulting weakened transportation fuel demand. In this insight, we examine the potential impact of lower refinery utilisation rates on olefins supply in Asia, and assess which markets are more impacted than others. How much of Asian olefins production units are integrated with refineries, and what does a lower refinery utilisation rate mean for ethylene and propylene production? Which markets have been hit harder? Please click through to access the full insight in the PDF document.