Taiwan foresees its petrochemical output value for Q4-2012 to be 7.6% higher than its Q3-2012 output, in anticipation of potential enhanced demand triggered by stimulus measures introduced by the world's leading economies. The report by the Industry and Technology Intelligence Services (ITIS), a research institute under the Ministry of Economic Affairs, said the petrochemical sector's output is expected to increase to NT$ 462.2 bln in Q4 compared to production worth NT$ 429.5 bln during the corresponding period last year, according to Taipei Times. However, the sector's overall output for 2012 is expected to decline 4.7% from 2011's NT$ 1.92 trillion to NT$ 1.83 trillion, due to the ambiguity surrounding the global economy. ITIS foresees a fall in the country's overall petrochemical output for 2012, mainly due to the effects of concerns over the eurozone debt crisis and intensifying competition from emerging nations. Partial suspension of production by CPC Corp and the Formosa Plastics Group for annual maintenance resulted in a 4.1% quarter-on-quarter decline in the petrochemical sector's Q3 output.
26-Nov-12 
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