Americas: The week ahead in petrochemicals

S&P Global | December 02, 2019

US November ethylene contract prices are expected to finalize this week, a trade source said. Spot ethylene prices rose 0.75 cent week on week. Lower spot polymer-grade propylene pricing is anticipated because of year-end selling by producers. However, spot PGP prices also inched 0.75 cent higher last week. Meanwhile, refinery-grade propylene prices fell to their lowest level since January 2017 at 17.25 cents/lb, according to S&P Global Platts data. US export polyethylene remains under pressure from an excess of supply, and market participants expect prices to continue sliding this month based on those fundamentals. One of Formosa Plastics' two new PE plants at its Texas complex is operational, with a second and a new 1.5 million mt/year cracker to come online later this month. The operational 400,000 mt/year plant can swing between making high density and linear low density PE. The new 400,000 mt/year low density PE plant is undergoing commissioning in advance of coming online.

Spotlight

Operate or tend equipment to control chemical changes or reactions in the processing of industrial or consumer products. Equipment used includes devulcanizers, steam-jacketed kettles, and reactor vessels.

Spotlight

Operate or tend equipment to control chemical changes or reactions in the processing of industrial or consumer products. Equipment used includes devulcanizers, steam-jacketed kettles, and reactor vessels.

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