ICIS Webinar: Falling oil prices squeeze polymer margins

摘要

HOUSTON (ICIS)-The crash in oil prices is squeezing margins for polymer producers around the world, especially for those in the US. Polymer prices tend to follow crude oil with a time lag of about six weeks, according to the ICIS Petrochemical Index (IPEX). The index tracks 12 major petrochemicals and polymers Even before the crash in oil prices, price for polyethylene (PE) in the US were down because of low prices for ethane and ethylene, said Zachary Moore, ICIS deputy managing editor, Americas.