Uncertainty weighs on 2008

Richardson, John
December 2007
ICIS Chemical Business;12/17/2007, Vol. 272 Issue 22, p14
Trade Publication
The article explores the uncertainty facing the Asian petrochemical industry for year 2008. Despite the avalanche of capacity, the predominant concern of producers was the impact of feedstock costs on business planning. A total of 90% of naphtha pricing is determined by the cost of the crude, so when crude prices decline, the petrochemical industry can easily be affected. Inventory management is therefore going to become a bigger challenge during 2008, both for feedstock and for the finished product of petrochemical producers.


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