Thursday, May 22, 2008

As naphtha approaches US$1000/ton mark, European crackers brace themselves for diminishing margins

Propped by record high oil prices, as naphtha approaches the US$1000/ton mark, European cracker operators have braced themselves for a dent in margins. In a bid to recover from diminishing margins, thhey plan to cut back operating rate and increase Q3 prices.

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