PE prices drop.
Contributing factors: A glut in capacity and slackened demand continue to depress PE tabs. Moreover, feed-stocks have been dropping from the sharp spikes earlier this year. Ethylene prices dropped 1.5[cts.]/lb in May and another 1[cts.] in June. Resin-plant operating rates are in the low 80% range on average, and demand is down by 12% from last year. Processors continue to keep their inventories low as better price deals emerge.
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|Author:||Schut, Jan H.|
|Article Type:||Brief Article|
|Date:||Aug 1, 2001|
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