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Friday 16 August 2013

Saudi Arabia Petrochemicals Report Q3 2013:Materials & Chemicals Market Research Reports

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Saudi Arabia Petrochemicals Report Q3 2013
Aug 14th 2013, 00:00, by rnrmahesh

The Saudi Arabian petrochemicals industry is suffering pressure on margins from higher costs and a heavy maintenance turnaround schedule, although some segments saw an improvement in prices. Altogether, the effects of capacity outages and start-ups in H113 tightened the polyethylene terephthalate (PET) and, to a lesser extent, olefins markets, but led to a net gain in ethylene glycol (EG), polypropylene (PP) and polyethylene (PE). In Q113, Saudi petrochemicals major Sabic faced a loss in profitability owing to turnarounds at some MEG, PET and LLDPE plants as well as ethylene and propylene units. However, the company said that an improvement in …

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