LONDON (ICIS)--Polyethylene (PE) buyers are expecting current tightness in the European market to continue into June, in spite of higher prices opening arbitrage windows, sources said on Friday.
Tightness in the upstream ethylene market is adding pressure to PE supply, even though some force majeures have now been lifted.
“In May we have absolutely struggled by,” said a large converter. “I’m begging, stealing and borrowing between plants, moving trucks from here to there to secure production.more >>
INSIGHT: China may see major ethylene shortfall by 2019
"At $50-90/bbl for Brent, UBS estimates the internal rate of return (IRR) for China CTO/MTO projects range from 5-10% – mostly too low to justify inve more
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