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SpotContract
Hurricane Beryl Plows Through the Gulf (07/09/2024)
Freezing Temperatures and Production Issues in the US Gulf triggers a Force Majeure and Lifts PGP Monomer, PP, and PE Resin Prices (01/19/2024)
Propylene Prices Continue to Climb Higher (11/09/2023)
Spot Propylene Prices Continue to Run Higher (10/20/2023)
Baystar Starts its New Polyethylene Plant in Pasadena, TX Utilizing its Borstar Technology (10/03/2023)
Braskem Halts Production at Marcus Hook Amid Industry Shifts (09/27/2023)
ExxonMobils $2 Billion Baytown Expansion (09/20/2023)
Two Fresh Force Majeure Declarations Amid Feedstock Woes (09/14/2023)
LyondellBasell to Close Oldest PP Unit Amid Market Challenges (09/11/2023)
PGP Monomer Market Faces Upward Pressure as Key Facilities Go Offline (09/07/2023)
DuPont Sells a Majority Stake in its Delrin Acetal Business, Continuing its Long History of Divestitures (08/25/2023)
M. Holland Co. Sells Majority Interest to Ravago Group (08/23/2023)
Polyethylene
Polyethylene trading was limited by the lack of fresh supply as producers generally withheld their material from the spot market pending post-hurricane restarts and / or the evaluation of overall market conditions. There were a few prime railcars made available from reseller forecasted commitments later in the week and these sold fairly quickly. The majority of our truckload orders were filled from The Plastics Exchange market making inventories,... [More]
Polypropylene
The spot Polypropylene market also took pause to assess conditions after Hurricane Beryl barreled through the Gulf which temporarily shut down some production capacity. Our Prime PP prices rose a solid cent and now sit about $.07/lb higher than the cycle low made in the beginning of May. There were ultimately limited damages to plastics facilities, though a PDH unit faced an enduring outage, further compromising already tight PGP monomer supplies... [More]
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