03 November 2010 16:20 [Source: ICIS news]
Chao would not rule out that
“This cost advantage continues to benefit
Chief financial officer Steven Bender added that US ethane market prices fell 27% since the 2009 fourth quarter. Meanwhile, rising global demand for polyethylene (PE) pushed up prices and operating rates, he said.
Earlier on Wednesday,
Analysts at New York-based equity research firm Alembic Global Advisors said
However, Westlake’s vinyls segment continued to be a drag on results due to continued weakness in the construction markets and the industry’s inability to raise prices for polyvinyl chloride (PVC) resin and other downstream fabricated products sufficiently to offset propane and energy cost increases, Alembic said in a research note.
($1 = €0.71)
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