SC'00: New C2 capacity will cut feedstock prices in '01

15 December 2000 01:26  [Source: ICIS news]

SINGAPORE (CNI)--Nova Chemicals, the Canadian styrene major, expects prices for its ethylene (C2) feedstock to fall in 2001 due to significant capacity additions; short term, however, the company expects prices to remain firm, supported by derivative demand, high energy prices and tight inventories.

Prices for benzene feedstock, on the other hand, are expected to continue to be volatile, according to Nova Chemicals general manager Asia Pacific Chris Hogan.

He added that demand for styrene monomer in North America is expected to be strong for the next couple of years as there will be no new styrene capacity until 2004.

Hogan was addressing delegates at the 4th World Styrene Conference (SC'00) here Thursday afternoon (14 December), the last day of the two-day event organised by Asian Chemical News and ICIS-LOR, sister organisations of CNI.

By: Stefan Baumgarten
+1 713 525 2653

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