17 April 2007 09:54 [Source: ICIS news]
SHANGHAI (ICIS news)--Polyethylene (PE) prices were forecast to decline in the next three years in tandem with falling crude prices, a global trader said on Tuesday.?xml:namespace>
“But margins for PE producers are likely to improve as PE prices
are unlikely to fall as steeply as ethylene,” said Aaron Yap, a senior
trader at Integra.
He was speaking at the 3rd ICIS Asian Polymers conference in ?xml:namespace>
The waning influence of PE on feedstock ethylene and vice-versa
coincided with the increasing correlation between crude and PE, said
closely together,” he added.
Despite increasing PE supply since 2005, prices were not expected to fall very steeply as demand was expected to remain strong, he said.
The two-day conference ends on Tuesday.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections