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Saudi Arabian petrochemical prices likely to plunge this year

Posted on 26 January 2009

From Zawya.com: Saudi petrochemical products are expected to suffer a huge fall in prices this year, but a recovery could begin next year, an industry expert said.

“The magnitude of the crisis could not be predicted since the prices of petrochemical products are plummeting worldwide,” said Sulaiman Bin Mohammad Al Mindeel, managing director of the Saudi Industrial Investment Group….. Full Article: Source


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VRS - who has written 36521 posts on Opalesque Commodities Briefing.


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