Episode 1088: Think Tank: China exports chemical price deflation
China is exporting increasing volumes of cheap chemicals to Latin America and other regions as a huge wave of new capacity comes online, pressuring margins for producers around the world. - Global overcapacity leading to chemical price deflation- Producers in Latin America fight imports from China, Middle East, US- Reshoring of manufacturing in Mexico stimulates chemicals - Global economy cannot rely on developing countries to fuel growth- Climate emergency will hinder emerging markets- UN conference on plastics pollution taking place in Nairobi - Aims to agree binding global agreement on plastics pollution by 2024