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(ICIS) -- INEOS"s third-quarter earnings before interest, tax,
depreciation and amortisation (EBITDA) grew 24.9% year on year to ?406m ($564m),
excluding refinery inventory holding losses, thanks to a continuation of
improved demand for chemicals, the Swiss-headquartered company said late on
Monday.
“Demand for chemical intermediates has continued to be strong across all
sectors and all regions. The market for acrylonitrile has been very tight and
high margins have been maintained,” INEOS said in a statement.
“Underlying demand for oligomers continued to improve in the quarter. The
oxide business continued to benefit from strong demand for its derivative
products,” it added.
“Demand for polypropylene continues to be strong and domestic
demand for polyethylene continues to recover, especially in the
automotive, injection moulding and speciality packaging sectors,” INEOS
said.
mrcplast.com
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