Intensifying Competition Due to New Construction and Expansion of Oil and Petrochemical Plants in Asia
First written in FY2017-Q2. 8 of 16 entries say "Worsened", first in FY2019-Q1. Latest entry: 2026-08-07.
ENEOS Holdings moved to the "Worse" side of this theme in 2018, 6 years before the typical company in this theme (2024).
The whole theme swung hardest in 2025: 4 of 6 companies on the "Worse" side.
0 other companies' latest entry also says "Mitigated".
- 2026-08-07MitigatedEarnings
「Margins on petrochemical products improved year on year for both paraxylene and benzene, as supply and demand conditions improved because of shortages of feedstock and lower operating rates at regional facilities resulting from the situation in the Middle East.」
Market conditions and margins for paraxylene and benzene improved year on year as supply and demand conditions improved. - FY2026WorsenedAnnual report
「Benzene market conditions weakened due to the impact of U.S. tariff measures and deteriorated year on year.」
While market conditions for paraxylene improved, benzene market conditions and margins deteriorated due to U.S. tariff measures. - FY2026-H1WorsenedAnnual report
「In addition, market conditions for petrochemical products were weak due to the impact of U.S. tariffs, and margins for both paraxylene and benzene deteriorated year on year.」
The impact of U.S. tariffs led to year-on-year deterioration in market conditions and margins for paraxylene and benzene. - FY2024-Q2RestatedAnnual report
「Meanwhile, in petrochemical products, market conditions for both paraxylene and benzene improved from the same period of the previous year as the impact of the COVID-19 pandemic in China eased.」
Against the backdrop of the easing impact of the pandemic in China, improved year-on-year market conditions for paraxylene and benzene have continued. - FY2024-Q1MitigatedAnnual report
「Meanwhile, in petrochemical products, market conditions for both paraxylene and benzene improved from the same period of the previous year as the impact of the COVID-19 pandemic in China eased.」
As the impact of the pandemic in China eased, market conditions for paraxylene and benzene improved year on year, and pressure related to supply and demand and the competitive environment in the Asian petrochemical products market eased in part. - FY2023-Q2WorsenedAnnual report
「Meanwhile, in petrochemical products, market conditions for both paraxylene and benzene deteriorated from the same period of the previous year due to the impact of China's lockdowns.」
China's lockdowns resulted in deteriorating market conditions for paraxylene and benzene, and intensified the challenging competitive, supply and demand environment in the Asian petrochemical products market. - FY2020WorsenedAnnual report
「Petrochemical product prices remained sluggish as oversupply emerged against the backdrop of large-scale new facilities beginning operations in China,」
Against the backdrop of large-scale new facilities coming onstream in China, petrochemical products became oversupplied, and the difficult competitive environment was reflected in the results through weak prices and lower profits in the energy business. - FY2020-Q3RestatedAnnual report
「In the petrochemical products business, market conditions for both paraxylene and benzene deteriorated from the same period of the previous year.」
Deteriorating market conditions for paraxylene and benzene continued to be reported in the second quarter, indicating that difficult conditions in the petrochemical products market have persisted. - FY2020-Q2RestatedAnnual report
「In the petrochemical products business, market conditions for both paraxylene and benzene deteriorated from the same period of the previous year.」
Deteriorating market conditions for paraxylene and benzene were reported in the second quarter, following the first quarter, indicating that difficult conditions in the Asian petrochemical products market have continued. - FY2020-Q1WorsenedAnnual report
「In the petrochemical products business, market conditions for both paraxylene and benzene deteriorated from the same period of the previous year.」
Deteriorating market conditions for both paraxylene and benzene in the Asian petrochemical products market were reflected in the results. - FY2019WorsenedAnnual report
「In the chemicals business, demand grew mainly in Asia, but competition intensified as new facilities operated by competitors came onstream.」
Alongside growth in Asian demand, intensifying competition in the petrochemical products market due to new facilities operated by competitors was reflected in the results. - FY2019-Q3WorsenedAnnual report
「In the petrochemical products business, market conditions for paraxylene remained at the same level as in the same period of the previous year, while those for benzene deteriorated.」
Regarding market conditions related to the Asian petrochemical products market, the deterioration in benzene market conditions from the same period of the previous year was reported in the results. - FY2019-Q1WorsenedAnnual report
「In the petrochemical products business, market conditions for paraxylene and benzene, the main products, deteriorated from the same period of the previous year due to worsening supply and demand conditions in Asia and other factors.」
In the Asian petrochemical products market, worsening supply and demand conditions were reflected in the results as deteriorating market conditions for paraxylene and benzene. - FY2018RestatedAnnual report
「The petroleum refining and sales and chemicals businesses face a challenging operating environment, including declining domestic demand for petroleum products and competition from overseas refineries with strong cost competitiveness.」
Competition from overseas refineries with strong cost competitiveness continues in addition to declining domestic demand. - FY2017RestatedAnnual report
「Competition in the oil industry across the Asian market is expected to intensify further because new and expanded, highly competitive oil and petrochemical plants are planned one after another in emerging Asian countries including China, India and Indonesia.」
Alongside the opportunity presented by expanding Asian demand, intensified competition from new and expanded plants continues to be identified as a factor underlying the management integration. - FY2017-Q2First statedAnnual report
「Although demand for oil and petrochemical products in Asia is expected to continue growing, competition in the oil industry across the Asian market is expected to intensify further because new and expanded, highly competitive oil and petrochemical plants are planned one after another in emerging Asian countries including China, India and Indonesia.」
Alongside the opportunity presented by growing Asian demand, the intensification of competition from new and expanded, highly competitive oil and petrochemical plants in emerging markets is explicitly identified for the first time as an external risk underlying the management integration.