SABIC CEO warns about demand as Q2 prices slumped 27%

MOSCOW (MRC) -- Saudi Basic Industries Corp., the petrochemicals giant 70%-owned by Saudi Aramco, saw average petrochemical prices in the second quarter plunge by 27% year-on-year as it posted a third consecutive quarterly loss, reported S&P Global with reference to CEO Yousef al-Benyan's statementВ Aug. 6.Although there has been some improvement in performance during July and August, the

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