31 March 2009 00:37 [Source: ICIS news]
SAN ANTONIO, Texas (ICIS news)--The US olefins market will remain volatile this year as limited inventory levels will not be able to offset demand fluctuations, a market participant said on Monday.
According to the market source, US producers likely will run crackers at minimum rates in 2009 to avoid being caught with too much supply should a new downtrend emerge.
US cracker operating rates were at about 70% in February, up from 59% in January, according to an industry consultant.
The same consultant expected March operating rates to be near 80%, but the market source said that projection seemed slightly too high.
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In addition, the market source said, there are lingering concerns among
Sponsored by the National Petrochemical & Refiners Association (NPRA), the three-day IPC ends on Tuesday.
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