European countries are pushing for safeguard measures on chemical and plastics imports, particularly products such as PET, epoxy resins and glass fibres. The proposed measures could involve quotas or tariffs and are aimed at protecting Europe's chemical industry from rising import pressure.
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China is becoming an increasingly important chemical supplier across Asia as disruptions to Middle Eastern supply alter regional trade flows. Competitive feedstock costs and available production capacity are helping Chinese producers capture additional demand in Asian markets.
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