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

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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