30 March 2010 18:10 [Source: ICIS news]
SAN ANTONIO, TEXAS (ICIS news)--The North American petrochemical and plastics industry will likely maintain a strong level of exports, a consultant said on Tuesday.
“We are bullish on North American competitiveness and exports, as the shale gas story evolves,” Mark Eramo, executive vice president, market advisory services at Chemical Market Associates Inc (CMAI). He was speaking at the International Petrochemical Conference (IPC).
“There will be more NGLs [natural gas liquids] available for steam crackers here,” he added.
For olefins, the natural gas advantage versus crude oil has returned and will likely remain, he said.
There has been concern among some traders at the IPC that US polyethylene (PE) exports could drop in the coming months on high ethylene prices.
Hosted by the National Petrochemical & Refiners Association (NPRA), the IPC continues through Tuesday.
For more on ethylene visit ICIS chemical intelligence
ICIS has launched weekly pricing reports in Africa for polyethylene and polypropylene. For more information contact Nadine Spoeri
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