Pricier US Ethane Squeezes Asia Petchems Makers

Pricier US Ethane Squeezes Asia Petchems Makers
Petrochemicals manufacturers such as Reliance Industries and SP Chemicals face squeezed margins from pricier raw materials as shale supplies plummet.

“In the long term, we forecast oil prices will gradually go up, this will lead to naphtha price going up too,” Cui said. “Ethane crackers will become more competitive than naphtha crackers when the oil price is high.”

--With assistance from Dan Murtaugh.

To contact the reporters on this story:
Saket Sundria in Singapore at ssundria@bloomberg.net;
Debjit Chakraborty in New Delhi at dchakrabor10@bloomberg.net

To contact the editors responsible for this story:
Serene Cheong at scheong20@bloomberg.net
Dan Murtaugh

© 2020 Bloomberg L.P.


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