PETALING JAYA: The petrochemicals industry is expected to benefit from the likely increase in the prices of ethylene-based products in the near future, according to Maybank IB Research.
The research house, which reiterated its “positive” recommendation on the sector, said the recent closure of 61% of ethylene plants in the United States has had an effect on the supply-demand balance and will likely increase product prices in the near future.
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