14 November 2007 18:24 [Source: ICIS news]
ANTWERP (ICIS news)--Petrochemical markets' increasing regionalisation is leading to a delinkage of US and Asian commodity chemical prices, a senior industry consultant said on Wednesday.
"Freights are very expensive, and significant differences will start to appear between the regions."
The industry was suffering from a shortage of chemical shipping space and it was increasingly expensive for Asian businesses to import their feedstocks or export their end products, he said in response to questioning from the floor.
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|