Ethylene price hike boost for Malaysian and other petrochemical industries

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.