Spate of new crackers coming up in China-II: Will they hurt RIL?
Many ethane crackers are also on the drawing boards in China. Get the full list here 8Ethane may be preferred because of lower capital cost and strong ethylene margins. 8Global scaling is possible 8The Chinese however are wary that ethane prices may go up if a fresh lot of ethane crackers come up. 8But the Chinese projections show that ethane cracking will be cost competitive over naphtha cracking. 8How will RIL fare if Chinese ethane capacity actually come on stream. Will ethane prices go up to the extent that margins are hit in RIL? 8How the Chinese behave will be important to watch in terms of its impact on RIL Click on Reports for more