U.S. Cost Advantage Buoys U.S. PE Exports

Robust polyethylene (PE) exports from the U.S. Gulf are expected to prop up operating rates in North America, and lend momentum to a third price increase this year, of 5 cts/lb for June, market players say. Rising international prices resulting from relentless increases in naphtha feedstock costs and healthy PE demand in export markets, boosted PE exports from the U.S. Gulf to a record high during the first quarter, producers say (CW, May 9, p. 51). “Everybody in North America is exporting,” says Jeff Lipton, president and CEO of Nova Chemicals...

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