High Density Polyethylene pricing Professional
2 years ago - Services - Denver - 42 viewsThe US High Density Polyethylene Pricing was bullish throughout Q1 of 2022 with periods of stagnant demand especially in the month of January. The cost push by ExxonMobil, LyondellBasell and other domestic producers came about as abreaction to the sudden surge in feedstock ethylene monomer prices. A mishap at ExxonMobil's Baytown facility in late December led to a significant amount of Ethylene capacity going offline in the first couple of weeks of January. There was a further cost push of around USD 0.04/lb by producers in the month of February encouraged by a surge in crude oil prices, which shot up to seven-year highs by the last week of January.
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