Petrochemcials

An Uncertain Future Ahead Petrochemical producers expect demand to be volatile this year, as nearly 20% of North American ethylene capacity was offline at the end of 2008. Growth prospects for first-quarter 2009 seem equally as dismal as customers continue to work off high inventories. The situation may not last long, however. “The stabilization of North American spot ethylene prices and a modest upturn in Asian prices could be a sign that lower operating rates are tightening the market and that underlying demand is starting to re-assert itself heading into...

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