Monday, June 6, 2016

BASF postpones Texas chemical plant on 'volatile' commodity prices

HOUSTON, June 6 (Reuters) - BASF SE, the world's

largest chemical producer, said on Monday it would refrain for

now from building a propylene plant in Texas because of volatile

commodity prices, a sign that an aggressive U.S. Gulf Coast

petrochemical building boom announced earlier this decade could

be cooling.

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