A steep decline in Asian ethylene margins seems to have been largely triggered by the perturbing state of China's polyethylene (PE) market as per ICIS at the time of a supply glut in the region. PE opperating rates have been reduced in Saudi Arabia, resulting in increased availability of merchant ethylene, while surplus material is available from Shell Chemicals complex in Singapore with the commissioning of the 800,000 tpa steam cracker- both these factors contribute to the supply surplus.
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Thursday, July 01, 2010
Steep decline in Asian ethylene margins triggered by weak polyethylene market in China
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