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The State of the Asian Chemical Industry Amid the Middle East Conflict: Japan and South Korea on the Verge of Shutdown, China Remains Resilient

The State of the Asian Chemical Industry Amid the Middle East Conflict: Japan and South Korea on the Verge of Shutdown, China Remains Resilient

The escalation of the Middle East situation is pushing an industry-wide structural crisis to a tipping point. The interruption of naphtha supply, together with long-term overcapacity, has put pressure on the petrochemical industries in Japan and South Korea to halt production, and industry consolidation is expected to accelerate. On March