Thursday, March 04, 2010

Naphtha economics to determine olefins prices

Naphtha economics will continue to set the prices for olefins, with any recovery not expected to be demand-led, as reported in ICIS.
“No matter how bad things are in petrochemicals, upstream naphthaa and crude oil will determine pricing,” Alastair Hensman, Nexant’s ChemSystems consultancy, said at the 5th ICIS World Olefins Conference.

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