Subdued Mood at NPRA

Attendees at the National Petrochemical and Refiners Association’s (NPRA) International Petrochemical Conference (IPC) in San Antonio last week were a bit more cautious about the industry’s outlook than in the past few years. Petchem profits remain healthy, but there appears to be a consensus developing among producers that profits for the ethylene and ethylene derivatives chain will be heading lower by this time next year. Mideast project delays and a robust global economy have staved off the anticipated decline so far, but it appears that ethylene...

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