Chemical Week Magazine :: Basic Chemicals & Plastics
North America PE rising
7:21 AM MST | February 7, 2014
North American polyethylene (PE) contracts for January rolled over from December, according to a recent report from IHS Chemical. However, producers have announced a 4-cts/lb increase for February that looks likely to succeed given the supply/demand situation. Producer PE inventories declined by almost 80 million lbs in December 2013 amid robust sales. â€śWhile January statistics are not yet available, we believe January sales volumes were strong as resin processors rebuilt inventories in advance of a possible February price increase,â€ť says the report. An...
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