Taipei Times
Date: Aug 26, 2016
By: Kuo Chia-erh / Staff reporter

The nation’s chemical industry might continue to feel the impact of softening global demand for the rest of the year, the Taiwan Institute of Economic Research (TIER, 台灣經濟研究院) said yesterday.

“Sales this year might decline slightly from last year, dragged by lower-than-expected global demand for chemical products,” TIER analyst Lo Kai-chen (羅凱禎) said at a conference in Taipei.

Lo said that Beijing is trying to address overcapacity in China’s industrial sectors, which has led to lackluster demand for chemical products.

Domestic demand has also not completely recovered and overall industrial production is unlikely to improve significantly by the end of this year, she said.     [FULL  STORY]