Slide 5 of 28
Notes:
- In 1998, ethylene production increased, in spite of pressure on ethylene margins during the year.
- Supply tended to exceed demand, keeping margins down.
- The Asian financial collapse reduced ethylene demand, hurting U.S. exporters.
- This chart indicates that propane and naphtha feedstocks were the primary beneficiaries of the increase in ethylene production, implying a price advantage, which the next slide shows.
