STUDY ASSESSES PETROCHEMICALS' PRICE MECHANISMS

Asian petrochemical prices are set by different mechanisms, depending on the specific material and country. While prices in Asian nations for some key petrochemicals respond predictably to traditional market influences, others are determined in unexpected ways, a study of regional pricing patterns for 16 petrochemicals by Chem Systems Inc., Tarrytown, N.Y., has concluded. Bruce H. Pickover, vice-president of Chem Systems, said the key is to look individually at each petrochemical product and

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