Daily Chemical Reaction
Changes in Momentum – July PE Contract Price Support, Evaluating Exports & Other Items
- US polyethylene (PE) producer nominated contract price increases for July finds partial support, but upward momentum has weakened relative to June – we discuss the case for downward pressure in 2H20 (like 2H19).
- We discuss the Enterprise Products co-loading of ethane and ethylene for export, and the PTTGCA decision to continue evaluating its long discussed Ohio ethane cracker.
- Other items of note today range from oil-and-gas commentary, to a Nova Chemical LLDPE force majeure, to thoughts on US consumer spending.
See PDF below for all charts and tables