Episode 1108: Think Tank: Expect no end to downturn in 2024 as poor demand, overcapacity become entrenched

Chemicals executives should not expect current trough conditions for chemical markets to improve in 2024 as the global slump in demand is likely to persist amid growing overcapacity.   -          China moves to permanently lower economic growth-          China will become self-sufficient, posing major challenge to exporting countries-          Giant crude oil to chemicals plants may threaten existing industry-          Demographics, debt, cost of living crisis weigh on demand-          Chemical companies should focus on advanced materials, services, cutting carbon intensity-          Trade barriers could help protect regional industries, recycling sector-          Suez, Panama canals pose new challenges for 2024