As part of a restructuring during a recession in the industry, Saudi Arabia’s SABIC has agreed to sell its European petrochemical business and its Engineering Thermoplastics business in Europe and the Americas for a combined enterprise value of $950 MM. In early trading in Riyadh on Thursday, shares of the chemicals company plummeted as much […]
On Monday, even though upstream energy prices were higher, propylene prices in the US were thought to be stable. Buying activity in the area stayed low. Prices for polymer grade spot delivered propylene were checked at the 25.00–25.50 cents/lb FD US Gulf levels, which are the same as they were last Friday. Refinery grade spot […]
On Monday, ethylene prices in the US were thought to be stable, even though upstream energy values went up. The overall outlook for the market stayed low. The price of ethylene was set at 16.50–17.00 cents per pound in the FD US Gulf, which is the same as last Friday’s price. In Asia, on the […]
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