The production of olefins such as ethylene and propylene in Western Europe declined during the second quarter of 2012, as per the data released by the Association of Petrochemical Producers in Europe (APPE).
The production of olefins such as ethylene and propylene in Western Europe declined during the second quarter of #
The production of ethylene during the quarter fell by 6.15 percent year-on-year to 4.682 million tons, which was 4.05 percent lower on quarter-on-quarter basis.
The production of olefins such as ethylene and propylene in Western Europe declined during the second quarter of #
Similarly, the production of propylene dipped by 2.5 percent year-on-year to 3.603 million tons during the period, showing a drop of 1.9 percent compared to the first quarter.
The production of olefins such as ethylene and propylene in Western Europe declined during the second quarter of #
The APPE attributed the decline in production to a reduction in operating rates following an increase in inventories.
The production of olefins such as ethylene and propylene in Western Europe declined during the second quarter of #
The rise in inventory levels was also reflected in price movements and ethylene contract prices declined since May, consecutively for three months till July.
The production of olefins such as ethylene and propylene in Western Europe declined during the second quarter of #
The contract price for ethylene in April was settled at €1,345/ton FD NWE, which dropped to €1,035/ton FD NWE in July.
The production of olefins such as ethylene and propylene in Western Europe declined during the second quarter of #
The ethylene contract price for August, however, rose by €140/ton month-on-month to €1,175/ton FD NWE.
The production of olefins such as ethylene and propylene in Western Europe declined during the second quarter of #
Fibre2fashion News Desk - India