26 November 2010 16:50 [Source: ICIS news]
TORONTO (ICIS)--Ethylene producers such as Dow Chemical, LyondellBasell and ?xml:namespace>
Hassan Ahmed, head of research at New York-based equity research firm Alembic Global Advisors, said an estimated 10-15% reduction in Chinese ethylene production, caused by the country’s diesel supply squeeze, could tighten global ethylene utilisation rates and support price hikes in ethylene and ethylene derivatives in the near term.
If the Chinese policy was implemented, recent industry ethylene prices hikes, and possible additional increases, could be more easily implemented, he added.
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