Saudi Kayan posts higher than expected net loss in Q1
The higher than expected net loss in the first three months was attributed to weaker prices and lower production stemming from a maintenance shutdown at its olefins plant. The company had shut their HDPE and LDPE plants in Jubail at the beginning of February, which took about two months, while they also reduced production at their MEG and PP plants, which are fed by the olefin unit.
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