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Hard time to begin for polyolfins in Europe

December 28/2011

(chemmonitor) --  Europe-based companies considerably decreased capacities at their cracker plants in this quarter. For instance, the facilities operated at 70 percent rates in early-Q4, while last month capacities varied from 50 to 70 percent.

The rates cuts are attributed to the unfavorable sentiment in the market for polyolefins.

The situation in the Europe market is unlikely to improve in the first half of the following year. However, Europe is forecast to overcome the existing debt crisis by Q3, 2012.

 

 

mrcplast.com

Author:Anna Larionova
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Category:General News
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