Recording its first Q3 net profit decline in more than two years, SABIC's Q3 2008 net profit witnessed a YOY 2% decline posting SR 7.24 bln (approx. US$1.93 bln) as opposed to same period in previous year. The world's largest chemical producer (by market value) has trimmed November PP and PE prices by an astounding 35% relative to its October prices owing to ailing demand and capacity glut arising from global financial meltdown.
27-Oct-08 
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