What were the economic benefits of coal-based olefins in 2016?
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At the beginning of 2016, as international crude oil prices dropped sharply, the prices of olefin products also fell. At current local oil prices, there are many coal-based olefin plants in our country. What were the economic benefits of these devices in 2016?
It must be great; there’s nothing much to say about it
The coal-based olefins industry fared well even during the difficult times in 2015; as oil prices rose in the second half of 2016, olefins market prices also increased, leading to steadily rising economic profits
Performance was poor in the first and fourth quarters, while it was very good in the second and third quarters. Overall, it’s profitable! How much profit is made depends on the downstream configuration