Advanced Petrochemicals welcomes drop in feedstock prices: Chairman

25/11/2014 Argaam

Advanced Petrochemicals Co. (APPC) welcomed the decline in feedstock prices, which was lower than the decline in prices of naptha products, Khalifa Al-Melhem, chairman of the board said in an interview with Al Arabiya.

 

The company benefited because prices of finished products dropped by 5 to 10 percent, he said.

                                     

He added that demand is currently high, along with production, and that the company doesn’t expect prices to fall further.

 

The company on Sunday said it settled the remaining amount of a Murabaha loan facility amounting to SAR 375 million, according to data available on Argaam. 

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