Entries from Chemicals & The Economy tagged with 'diesel'
EU auto sales hit new lows
Autos are now the single biggest market for petchem sales. They are also reported very quickly. So October's EU auto sales provide the best real-time picture of the downturn now underway. As the chart shows: • October's sales (red square)...
Europe olefin operating rates remain at 82%
Q3 showed no real improvement in European cracker operating rates (OR%). As the chart shows, based on APPE data, these remained at 82% for the Q1 - Q3 period. Of course, this is much better than the 76% OR% seen...
China cuts back ethylene to boost fuel
Some minor relief may be at hand for hard-pressed cracker operators, particularly those in Asia. Sinopec announced today that it will reduce ethylene output by 65 KT in June (the equivalent of 1 cracker's output), in order to allow it...
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