SABIC sees price, margin squeeze in 2020, swings to loss in Q4

SABIC sees price, margin squeeze in 2020, swings to loss in Q4
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30.01.2020

MOSCOW (MRC) -- SABIC, the Middle East's biggest petrochemical maker which is being acquired by Saudi Aramco, expects a fall in prices and profit margins in 2020 amid a global oversupply after it swung to a loss in the fourth quarter, reported S&P Global."New additional supply [is} expected to keep product prices and margins under pressure in 2020," SABIC said in the presentation posted o

Full article at mrcplast.com

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