By John Richardson
Sometimes a simple chart is worth hundreds of words. A lot less than hundreds of words today, therefore, as you consider the above chart and these two key questions:
- If the global economy was that strong, and/or petrochemicals industry fundamentals as sound as the consensus view holds, why has there been such a poor pass-through in higher oil prices, and so more expensive naphtha, since July?
- If oil prices continue their bull run, why should the rest of this year be any different?
I look forward to your answers during next Monday’s free ICIS Asian Polyolefins Price Forecasting Seminar. Click here to register.
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