INEOS Olefins and Polymers Europe has revised its pricing policy for July, limiting any further polymer price decrease to no more than 70E/t against the C2, C3 monomer decreases of 170E/t.
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This has been done in light of what Ineos considers to be an over -correction in polymer pricing through May/June and the rapid escalation in oil/naphtha pricing currently underway.
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INEOS will undertake this policy with immediate effect.