TOKYO -- Ethane prices in the U.S. have tumbled on expectations that Washington's restrictions on exports of the petrochemical feedstock to China will result in oversupply.
Licensing requirement for exporters may push Chinese buyers toward naphtha
China is a major buyer of American ethane, a natural gas derivative used to make plastics. © Reuters
TOKYO -- Ethane prices in the U.S. have tumbled on expectations that Washington's restrictions on exports of the petrochemical feedstock to China will result in oversupply.