How is capacity relocation reshaping Basic Chemicals supply?

How is capacity relocation reshaping Basic Chemicals supply?
Basic Chemicals capacity is shifting decisively toward China and resource-rich western regions. European producers are retrenching: BASF lifted Asia investment 34% while cutting Europe, Evonik is exiting polyolefins and polyester, and LyondellBasell plans to sell European assets. China already holds roughly 60% of global methanol capacity and about half of chlor-alkali and phosphorus chemical capacity, with ethylene capacity at 23% of the world. Within China, power cost drives caustic soda toward Xinjiang and Inner Mongolia, and natural-alkali soda ash expansion in Alxa is set to lower the cost curve. The competitive edge increasingly belongs to players with self-supplied power, integrated feedstock and scale.