"Hungary Petrochemicals Report Q1 2014" Published
We believe that Hungarian petrochemicals output will struggle with poor domestic market conditions, particularly in the construction sector, but trends observed in Q213 point to a recovery in 2014 as exports and household consumption pick up. However, the industry is far from a recovery and it could be at least two years before it approaches pre-recession production levels. Diversification of production in isocyanates and butadiene should enable Hungarian petrochemicals producers to capitalise on the country's position as a production centre...
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