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Europe's ethylene producers hope to defend August prices despite oversupply

7:58 AM MDT | July 23, 2014 | Francinia Protti-Alvarez

Europe's ethylene producers expect to be able to defend current contract price levels despite a long market balance, as the European industry prepares for the scheduled turnaround of several production units during the summer months and into the fall, according to IHS Chemical's latest Europe/Middle East Light Olefins Market Advisory Service. There were some disruptions to ethylene production in Europe during the first half of July, the IHS report says. They included delays to the restart of Sabic's 865,000-m.t./year steam cracker at Wilton, UK. However, all of...

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