Falling US PE spot prices foreshadow lower June contracts Some grades of polyethylene (PE) have emerged 19% below May contract prices, suggesting that falling feedstock costs and pressure from overseas imports will cause PE contracts to settle lower in June. Negotiations for June contracts are expected to continue through the end of the month, with some producers continuing to fight decreases. Even with the lower prices, the US export market is hampered by prices in Asia that are 15-20 cents/lb lower than in North America. Major North American PE producers include Chevron Phillips Chemical, LyondellBasell, Dow Chemical, ExxonMobil, Westlake, INEOS, Total, Nova Chemicals and Formosa.
Trade Reporter June 2011
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Quick Pak Inc
1100 North 28th street Tampa, FL 33605
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