Expected ethylene supply glut from the Middle East trims to trickle

The anticipated supply glut from the Middle East in H2-200 has trimmed down to a trickle as plant start ups get delayed. Following delays of about 7-8 months, impressive capacities have come on stream in the region as well as in China. Global capacity for polyethylene in 2015 will be four times what it was in 1989, and the polypropylene market will probably show a similar development if no action is taken, as per Maack Business Services. The trend can only be contained/reversed if plants are shut down, particularly 15 year old plants with uneconomic capacities. CMAI has advised industry players to switch to simpler commodity feedstocks and to expand silo capacity to ensure access to many appropriate sources.
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