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Commodity hedges to be headwind for US Eastman in '15

Commodity hedges to be headwind for US Eastman in '15 – execs

HOUSTON (ICIS)--Eastman Chemical’s olefins cost structure is improving with lower feedstock prices but commodity hedges, especially for propane, are a challenge for the company this year, executives for the US-based chemicals firm said on Friday.

The hedges could come to an earnings per share headwind of 40 to 60 cents in 2015, relative to 2014, CEO Mark Costa and chief financial officer Curt Espeland told analysts during Eastman’s fourth-quarter results call.

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