Higher ethylene prices are boosting LyondellBasell's earnings on olefins sales but are also bringing down the company's polyethylene margins. "While there are a number of price increases in the works, there is definitely some compression on margins," said Lyondell CEO Jim Gallogly. Scheduled maintenance activities in the company's French olefins and PE plants are also expected to tighten U.S. olefins supply.

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