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First-quarter price and margin falls hit petrochemical/polymer producers hard

April 09, 2019 / icis

LONDON (ICIS)--Petrochemicals and polymer producers faced difficult headwinds in the first quarter of the year, with demand growth slow and overcapacities influencing prices and margins. The much tougher business environment – a persistent hangover from a surprisingly poor fourth-quarter 2018 – will be reflected in upcoming quarterly earnings reports across much of the sector. Petrochemical and polymer prices fell dramatically in the fourth quarter of 2018 and the steep downward trend continued through Q1 2019.