SABIC to halve PE supplies to long-term Asian contract customers in January and February

11-Jan-10
Polyethylene prices in Asia have risen at the end of last week on aggravated shortage in the region. World number one PE supplier Saudi Basic Industries Corp. (SABIC) has suspended operations at its plants, halving its polyethylene supplies to long term Asian contract customers for the first two months of the year. The reasons behind the reduction in supplies have not been disclosed. This cutback could be followed by reduced production of EG, VCM and PVC.
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