Asian Chemical Connections
Four US polyethylene producers - Dow Chemical, ExxonMobil, NOVA Chemicals and Formosa - have each announced a 5 cent/lb ($110/tonne, €84/tonne) price increase on all grades of PE, effective on 1 January, sources said.
ExxonMobil announced it was pushing its previously announced 5 cent/lb increase from November into January, with no price increase announced for December, according to a 4 December customer letter obtained by ICIS.
INSIGHT: China may see major ethylene shortfall by 2019
"At $50-90/bbl for Brent, UBS estimates the internal rate of return (IRR) for China CTO/MTO projects range from 5-10% – mostly too low to justify inve
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