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Listen: European ethylene: A look down the chain from oversupply towards economic downturn

On today's Commodities Focus podcast with Ora Lazic and Miguel Cambeiro: Although Europe continues to be the most expensive pricing region, it is increasingly becoming an importer of competitively priced ethylene and main derivatives from the US —with its new shale-based capacity—, but also from the Middle East and Asia. Unresolved trade tensions between the US and China add to the uncertainties and contribute to divert volumes towards European shores. For the remainder of 2019 the market will be under the added pressure of oversupply and slipping prices in Europe. Meanwhile, the global economic slowdown, sluggish downstream demand and international trade tensions continue to drag the markets down.