BMI View: Kuwait’s petrochemicals industry is enjoying solid performance in spite of a slowdown in key Asian markets and an increasingly competitive environment, due to strong margins and a favourable product mix. However, expansion plans could be derailed by delays and resulting increases in costs, putting at risk Kuwait’s objective of securing another surge in capacities over the medium term. BMI believes the Kuwaiti petrochemicals industry was operating at capacity in H113, although recent financial data indicate that margins are not improving. Nevertheless, the Kuwaiti petrochemicals industry is proving resilient in a highly competitive market and will retain operating rates …
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