September 06, 2008

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Naphtha exports accelerate while imports declinePaid Members Only
Benzene Market prices for Sept 3Paid Members Only
Propylene prices for Far East moves upPaid Members Only
Ethylene prices decline on Sept 03Paid Members Only
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Petrochemical cos cut output to cope with sluggish market

A sluggish market demand is having a rippling effect on petrochemical manufacturers in Taiwan who have chosen to cut production in order to escape losses. However, a large number of petrochemical companies in the country are of the opinion that market demand is likely to rebound in September while the intermediate raw materials market is also expected to be stable and even get upbeat after the completion of Beijing Olympics and with the end of monsoon in Southeast Asian region. Since the international prices of crude oil and naphtha have tumbled in a row, intermediate petrochemical raw materials have also witnessed a decline in prices resulting in an increase in the stocks of petrochemical manufacturers. Such discouraging circumstances have forced petrochemical companies to adopt a wait and watch attitude until the market gets bullish.


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