The balance between the price of undressed oil and natural gas is crucial for chemical husbandmans in both Europe and the US.

The balance between the price of undressed oil and natural gas is crucial for chemical husbandmans in both Europe and the US.

US-based plastics and petrochemicals farmers are largely dependent on feedstock from natural gas, Those in Europe and Asia are mainly dependent on oil-based feedstock--predominantly naphtha, Oil is a global commodity, however natural gas is not a broadly traded commodity and price increases in natural gas are felt sole in local markets such as North America,

For at least a decade, the US industry has be delighted withed a low-cost feedstock position relative to its competitors in western

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