2024-05-28 12:45:41 ET
Summary
- LyondellBasell Industries may experience marginal tailwinds in the next few years due to modest price and volume improvements driven by plastics inventory restocking.
- The petrochemical industry is facing pressure from surplus and new capacity coming online in China, which may continue to pressure prices in the near-term.
- LyondellBasell is focusing on bolstering its recycling assets, but producing with recycled polymers may not be as economical in the US as it is in the EU.
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LyondellBasell Sees Early Signs Of The Cyclical Upswing