By Will Feuer
LyondellBasell Industries expects demand across most of its businesses to be softer in the current quarter, citing seasonality.
The chemicals maker said higher feedstock costs, new production capacity across the industry and the slow pace of demand recovery in China will all pressure margins for olefins and polyolefins–key inputs for various products including automotive components and packaging.
Oxyfuels and refining margins are also expected to fall after the summer driving season helped push demand higher.
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