Crude reaches new highs

Chang, Joseph
October 2007
ICIS Chemical Business;10/22/2007, Vol. 272 Issue 15, p24
Trade Publication
The article presents information on recent developments in the chemical industry. A major ethylene buyer recently said that it had agreed to withdraw from the bimonthly contract to focus on quarterly pricing. Tight supply and rising demand is stated to have increased the prices of monoethylene glycol (MEG) in the U.S. The recent rise in propylene upstream had prompted some producers to attempt hikes, but they were unable to pass on the higher cost.


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