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North American Polyethylene: Producers Optimistic for Growth

2:32 PM MDT | October 17, 2011 | Lindsey Bewley

Ungerleider: Demand growth will outpace supply. Woelfel: North American PE producers will remain competitive. Following a strong rebound in 2010, domestic demand for polyethylene (PE) in North America is expected to resume a moderate growth rate, market players say. PE demand in North America was about 21 million m.t. last year and is expected to grow about 1.3%/year to 2016, to about 24 million m.t., according to IHS CMAI (Houston). “We are still up year-to-date about 2% over 2010,” says Randy Woelfel, CEO of Nova Chemicals. “The fundamentals...

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