Global Market

Brazil's oil and gas production reached a record 5.53 million boe/d in March 2026, driven by strong growth in pre-salt offshore fields, according to ANP data.

Japan's chemical imports from China jumped in March as Middle East supply disruptions hit domestic output, raising concerns over long-term reliance on lower-cost Chinese materials and industry competitiveness.

China's PVC exports decline amid weak demand and policy changes, while U.S. VCM prices rise at a slower pace as global markets face seasonal softness, supply adjustments, and increasing competition.

Europe‘s petrochemical sector centers on the ARA hub and Rhine corridor, with Antwerp, Rotterdam and Ludwigshafen driving supply chains as high energy costs and carbon rules push a shift toward low-carbon production.

Global ethylene capacity cuts are reshaping trade flows, with China, the U.S., and the Middle East emerging as key exporters. China now faces pressure to cut costs and scale high-end materials to address structural imbalances.