{"id":5099,"date":"2025-09-09T13:35:18","date_gmt":"2025-09-09T13:35:18","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/5099\/"},"modified":"2025-09-09T13:35:18","modified_gmt":"2025-09-09T13:35:18","slug":"us-tariffs-worsen-challenges-in-petrochemical-industry-executives-warn","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/5099\/","title":{"rendered":"US tariffs worsen challenges in petrochemical industry, executives warn"},"content":{"rendered":"<p>U.S. tariffs are increasingly pressuring the already challenged <a ref=\"dofollow\" data-ga-onclick=\"Inarticle articleshow link click#Industry#href\" href=\"https:\/\/m.economictimes.com\/topic\/petrochemicals\" target=\"_blank\" rel=\"nofollow noopener\">petrochemicals<\/a> sector and could lead to a 15% drop in the global petrochemical trade, a <a ref=\"dofollow\" data-ga-onclick=\"Inarticle articleshow link click#Industry#href\" href=\"https:\/\/m.economictimes.com\/topic\/totalenergies\" target=\"_blank\" rel=\"nofollow noopener\">TotalEnergies<\/a> executive told the APPEC conference in Singapore on Tuesday.<\/p>\n<p> &#8220;If tariffs remain in place, petrochemicals trading will see another 15% drop on top of the 34% drop it has seen in the last five years,&#8221; TotalEnergies&#8217; head of petrochemical trading, Ganesh Gopalakrishnan, told Reuters on the sidelines of APPEC.<\/p>\n<p> Petrochemical trading houses that do not own assets are struggling to survive, said Gopalakrishnan, adding that overcapacity had led to the 34% decline in trading over the past five years.<br \/>Tariffs are also making countries more protectionist, Sanjiv Vasudeva, executive vice president and chief market officer of Haldia Petrochemicals, told the conference.<\/p>\n<p>It has become more difficult to plan investments for the short term because of overcapacity and volatility, Vasudeva said.<\/p>\n<p><img decoding=\"async\" alt=\"ET logo\" src=\"https:\/\/www.newsbeep.com\/il\/wp-content\/uploads\/2025\/09\/118783427.cms.png\" width=\"90%\"\/>Live Events<br \/> Tariffs are also pushing Chinese products into &#8220;our traditional markets,&#8221; said Bahrin Asmawi, chief commercial officer of Malaysia&#8217;s Petronas Chemicals Group. A rare bright spot for petrochemicals is Indian consumption, which remains good with a stable growth rate, Vasudeva said.<br \/>Add <img decoding=\"async\" alt=\"ET Logo\" src=\"https:\/\/www.newsbeep.com\/il\/wp-content\/uploads\/2025\/09\/123467569.cms.png\"\/> as a Reliable and Trusted News Source<\/p>\n","protected":false},"excerpt":{"rendered":"U.S. tariffs are increasingly pressuring the already challenged petrochemicals sector and could lead to a 15% drop in&hellip;\n","protected":false},"author":2,"featured_media":5100,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[114,184,85,46,6307,6306,6308,627,2383],"class_list":["post-5099","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-il","tag-israel","tag-petrochemicals","tag-tariff","tag-totalenergies","tag-trump","tag-trump-tariffs"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/5099","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=5099"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/5099\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/5100"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=5099"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=5099"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=5099"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}