Wednesday, January 21, 2009

Cracker run rates to augment in Asia and Europe on recovering demand

This week has witnessed a boost in feedstock and polymer prices in Asia. As downstream demand recovers, key players in Taiwan and South Korea are mulling a hike from reduced levels in run rates. Steamm crackers in Europe have also increased their run rates by about 8-10% on marginal improvement in buying interest, and recovering downstream markets.

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