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Asian petchem makers earning near record margins as projects delayed

SEOUL/ SINGAPORE, July 16- Asian petrochemical makers are earning near record margins for turning naphtha into ethylene this year as low oil prices cut feedstock costs at the same time that delayed or canceled projects keep the market undersupplied. Asian naphtha crackers- once considered uncompetitive against U.S. and Middle East rivals using natural gas-...
Source: Reuters | By: Meeyoung Cho and Seng Li Peng