Polyethylene terephthalate (PET)

LONDON (ICIS)–Here are some of the top stories from ICIS Europe for the week ended 14 March. European naphtha slides as demand wanes, refineries roar back Sentiment in Europe's naphtha spot market was weighed down by upstream crude volatility, weak blending demand and limited export opportunities in the week to 7 March despite ample liquidity in the physical space. Flagship Maasvlakte POSM plant to close in October – union The largest propylene oxide/styrene monomer (POSM) production complex in Europe is expected to close in October, union FNV said on Tuesday, after an agreement was reached between operator LyondellBasell and employees at the site. Europe chems stocks claw back losses as markets firm despite tariffs European chemicals stocks firmed in early trading on Wednesday as markets rebounded from the sell off of the last week, despite the onset of US tariffs on aluminium and steel and Europe’s pledge to retaliate. 'Game changer' for Europe PE as EU plans retaliatory tariffs on US European polyethylene (PE) players are braced for a potentially big impact from the EU’s retaliatory tariffs on plastics from the US, in the latest twist of the growing trade war. INSIGHT: Can the chemicals sector tap into Europe’s rearmament era? Europe’s drive to drastically ramp up defence spending is likely to drive a wave of investment into the region’s beleaguered industrial sector, but existing military spending patterns and technical requirements could limit uplift for chemicals.

17-Mar-2025

LONDON (ICIS)–Senior Editor for Recycling, Matt Tudball, discusses the latest developments in the European recycled polyethylene terephthalate (R-PET) market, including: Colorless flake prices rise in Italy and Spain High feedstock bale costs still a concern Hopes for improved pellet demand from Q2

14-Mar-2025

HOUSTON (ICIS)–Whether it is dealing with on-again, off-again tariffs, new charges at US ports for carriers with China-flagged vessels in their fleets, or booking passage through the Panama Canal, participants at this year's International Petrochemical Conference (IPC) have plenty to talk about. Last year, shippers were dealing with tight global capacity after carriers began avoiding the Suez Canal because of attacks on commercial vessels by Houthi rebels, the possibility of labor issues at US Gulf and East Coast ports, and fewer slots for passage through the Panama Canal as that region dealt with a severe drought. But 2025 has brought a new series of challenges that will keep logistics and supply chain professionals busy. TARIFFS The US has imposed tariffs of 25% on most imports from Canada and Mexico, effective 4 March, but US President Donald Trump said last week that tariffs on goods from Mexico and Canada that are compliant with the USMCA free trade agreement will be exempt until 2 April. It is unclear what shifts in trade flows will be seen once tariffs are fully implemented, but analysts at Dutch banking and financial services corporation ING still expect global trade to see solid growth amid trade tensions, geopolitical risks and economic nationalism. ING expects trade in goods to grow by 2.5% year on year in 2025, driven by heavy front-loading in the first quarter and increased intra-continental trade throughout the year. “While it is true that some countries heavily depend on the US market, such as Canada and Mexico, global trade is far more diverse and does not solely revolve around the United States,” ING said. According to the World Integrated Trade Solution (WITS) data, which contains trade data among 122 countries, the US accounts for 13.6% of total global exports. Additionally, the reliance on raw materials and critical intermediate products that cannot be substituted, as well as new alliances and potential trade deals speak for continued trade in goods. STRATEGIES FOR ADAPTATION Chemical distributor GreenChem Industries offered suggestions that chemical companies could implement to mitigate the effects of tariffs. These include finding new sources for raw materials in regions with favorable trade agreements, modifying transportation routes and methods to lower costs and enhance efficiency, discovering more affordable chemical alternatives that maintain quality, reevaluating trade agreements to secure more competitive pricing, and investigating the potential for manufacturing within strategic markets to avoid extra costs. USTR HEARING ON NEW PORT CHARGES The office of the US Trade Representative (USTR) is accepting public comment on proposed actions against Chinese-owned ships after a Section 301 investigation determined China’s acts, policies and practices to be unreasonable and to burden or restrict US commerce. The proposal includes proposed service fees of up to $1.5 million per US port call for vessels built in China, and up to $1 million per port call for China-based operators. USTR is now accepting public comment and will hold a public hearing on the proposed actions on 24 March. Some market players feel the proposal is aimed at container ships, but a broker in the liquid chemical tanker space said that if the text of the prosed action remains unchanged, the China-built tankers comprising the fleets of shipping majors Stolt and Odjfell could be targeted. As of now, the proposal would include all commercial vessels calling on US ports. The West Gulf Maritime Association (WGMA) said that currently, there is not enough US inventory to meet the demand for maritime transport nor has the USTR suggested plans for meeting the projected demands. There is also not enough shipbuilding capacity within the US to construct the required hulls. Based on the draft executive order, the USTR will have no more than 180 days to implement the port fee collection program. The WGMA intends to individually and collectively submit comments against the proposed policy as written with recommendations, and they strongly encourage all shipping companies and vessel operators do the same through any means available to them. LIQUID CHEMICAL TANKERS Trade data from 2024 shows that about 25% of US liquid bulk exports and 21% of imports were carried on Chinese-built vessels, which will particularly impact the specialty chemical, vegetable oils and renewable fuels sectors. The fees would mean increasing the number of exports on US-flagged vessels and, given the limited existing US-flagged chemical tanker fleet, this will make any shortfall difficult to make up. Typically, it will take 24-36 months for construction of these type of specialized vessels, therefore the industry will face significant challenges in the meantime. These significant increases would most likely lead to a few different scenarios such as substantial rate increases, fewer port calls and potential supply chain disruptions for US manufacturers relying on specialty chemical imports. As a result, most owners and charterers are taking a wait and see approach while looking for longer term solutions. Liquid tanker spot rates hit their highest over the past decade in 2025 but have fallen from the peaks, according to ICIS pricing history. The following chart shows rates over the past year on the US Gulf-Asia trade route. CONTAINER RATES Rates for shipping containers from east Asia and China to the US have fallen considerable this year as capacity adjusted to diversions away from the Suez Canal and as newly built vessels entered the market. Judah Levine, head of research at online freight shipping marketplace and platform provider Freightos, said that the combination of a seasonal slump in demand and the possible end of frontloading ahead of tariffs likely drove the sharp fall in transpacific ocean rates recently. Container ships and costs for shipping containers are relevant to the chemical industry because while most chemicals are liquids and are shipped in tankers, container ships transport polymers, such as polyethylene (PE) and polypropylene (PP), are shipped in pellets. Titanium dioxide (TiO2) is also shipped in containers. They also transport liquid chemicals in isotanks. PANAMA CANAL Because of a severe drought that lowered levels in the freshwater lake that serves the Panama Canal, the Panama Canal Authority (PCA) was forced to limit daily crossings for the first time in its history. The drought was in part brought about because of the El Nino weather phenomenon, which contributes to less rainfall, especially during what is the typical rainy season. But weather patterns have shifted to La Nina, which brings increased rains and have helped levels at Gatun Lake approach capacity. Gabriel Mariscal, agency business manager at port service provider CB Fenton & Co, said the situation at the Panama Canal is completely different from a year ago. “We are not expecting to have any restrictions this year in regard to transit,” Mariscal told ICIS. “In fact, during a normal summer season, perhaps there could be a draft restriction at the Neopanamax locks, but I think that this year that will not be the case.” Mariscal said the PCA is updating regulations for customer rankings. Customer rankings consider the volumes a shipper moved through the canal over the previous 12 months, as well as the number of tolls they have paid. For example, if there are 10 slots for passage on a given day, and the PCA receives 20 requests for those slots, the higher-ranking customers will get priority. If a shipper is unable to book a slot in the first period (90 days before passage) or the second booking period (14 days before passage) then they go to the auction, where the highest bidder wins. Container shipping companies Maersk and MSC are the highest two ranked customers at present. Mariscal said Maersk has at least three vessels that transit the canal each day. PANAMA TENSIONS WITH US Mariscal said that the new presidential administration under Trump has caused some stress for the central American country. Because of this, he expects extreme care to be taken by the PCA when announcing new rules or regulations so as not to increase tensions. Trump surprised some shortly after his inauguration when he said that the US should reclaim the Panama Canal. A US congressman has since introduced a bill that would authorize the purchase of the Panama Canal. Trump threatened to reclaim the canal if Panama did not take immediate steps to curb what Trump called China’s influence and control over the vital waterway. Panama’s president said in early February the country will not renew its agreement with China’s Belt and Road Initiative (BRI) after a visit from US Secretary of State Marco Rubio. Then, last week a consortium led by private equity firm BlackRock agreed to pay $22.8 billion for port terminal operations from Hutchison Port Holdings (HPH), which includes terminals in Panama. It was Hong Kong-listed CK Hutchison’s ownership of the ports at both entrances to the canal that likely concerned Trump. Hosted by the American Fuel & Petrochemical Manufacturers (AFPM), the IPC takes place on 23-25 March in San Antonio, Texas. Visit the US tariffs, policy – impact on chemicals and energy topic page Visit the Macroeconomics: Impact on chemicals topic page Visit the Logistics: Impact on chemicals and energy topic page Focus article by Adam Yanelli Additional reporting by Kevin Callahan Thumbnail image shows a container ship passing through the Panama Canal. Courtesy the Panama Canal Authority

11-Mar-2025

LONDON (ICIS)–Here are some of the top stories from ICIS Europe for the week ended 7 March 2025. Europe glycerine spot prices rise on prolonged shortages Constrained crude glycerine availability evident over an extended length of time has exerted upward pricing pressure on all glycerine grades in the European market, resulting in spot prices rising this week. INSIGHT: Half a decade on from the pandemic, feedstock pricing volatility remains widespread and perhaps irreversible Next week marks half a decade since major lockdowns were enforced across Europe in response to the coronavirus pandemic, and the obvious thing to do would be to reflect back on how much life has changed over the past five years. Europe colorless PET bottle bale prices rise for first time since Q2 2024 Reduced supply and higher demand from the downstream recycled polyethylene terephthalate (R-PET) flake sector have seen colorless (C) post-consumer PET bottle bale prices in northwest Europe (NWE) rise for the first time since April 2024. Europe chems stocks tank amid tariff-driven global sell-off European chemicals stocks fell on Tuesday in line with a wider market sell-off as the US prepares to impose wide-ranging tariffs on Mexico and Canada and China announced retaliatory tariffs on the US, deepening global trade tensions. BASF not looking to tailwinds for 2025 earnings growth BASF expects to increase earnings in 2025, with most units other than chemicals expected to contribute to annual growth, but it is not expecting much support from economic tailwinds this year.

10-Mar-2025

HOUSTON (ICIS)–Shipping container rates from Asia to both US coasts fell again this week as capacity has grown and as volumes have fallen after frontloading to beat tariffs, and liquid tanker rates rose on the transatlantic eastbound route and fell on the US Gulf to Asia trade lane. CONTAINER RATES Rates from Shanghai to Los Angeles fell by 9% this week, according to supply chain advisors Drewry, while rates from Shanghai to New York fell by 6%, as shown in the following chart. Rates to both US coasts are now at their lowest of the year, according to Drewry data. Global average rates in Drewry’s World Container Index fell by 3% and are also at their lowest over the past year, as shown in the following chart. Drewry expects rates to continue to decrease next week due to increased shipping capacity. Rates from online freight shipping marketplace and platform provider Freightos showed significant decreases this week, although their rates are slightly higher than Drewry’s. Judah Levine, head of research at Freightos, said that tariffs – or the threat of tariffs – led to many importers frontloading volumes to beat the announced levies. “The president’s proposed 60% tariffs on Chinese goods could go into effect as soon as April – as could a wider application of reciprocal tariffs on numerous countries – meaning the window to receive goods before then is about closed,” Levine said. Levine said that the combination of a seasonal slump in demand and the possible end of frontloading likely drove the sharp fall in transpacific ocean rates last week. “If frontloading of the past few months was significant enough, we could also expect to see subdued peak season demand and rates as a result,” Levine said. Container ships and costs for shipping containers are relevant to the chemical industry because while most chemicals are liquids and are shipped in tankers, container ships transport polymers, such as polyethylene (PE) and polypropylene (PP), are shipped in pellets. Titanium dioxide (TiO2) is also shipped in containers. They also transport liquid chemicals in isotanks. LIQUID TANKER RATES MIXED US chemical tanker freight rates assessed by ICIS were mixed week on week. Trade routes from the US remain mixed with several trade lanes slightly higher and others lower. Cargo moving into Asia weakens following the recent tariff announcements and this route has recently seen a decrease of cargoes, as the tariffs have all but halted any spot activity for this trade lane. As a result, rates have dipped from the previous week. On the other hand, the rates from USG to Rotterdam experienced upward pressure. For this trade lane freight rates for March have strengthened, given the amount of space left. A shipowner said it is expecting the trend to continue throughout March, with higher contract of affreightment (COA) utilization leaving very little available space. From the USG to Brazil, this market has remained relatively unchanged but is experiencing some downward pressure. While the market continues to be active it is further influenced by freight availability and a swing in trade lane dynamics. Demand remains soft particularly for larger parcels further pressuring some downward movement. On the USG to India trade lane, the market remains extremely soft with plenty of space available as outsiders have entered the market. As a result, this has placed downward pressure, and rates could fall further on the route if this persists. Several inquiries were seen for monoethylene glycol (MEG), methanol, ethanol, and vinyl acetate monomer (VAM), but few fixtures were seen in the market. With additional reporting by Kevin Callahan

07-Mar-2025

LONDON (ICIS)–Senior Editor for Recycling, Matt Tudball, discusses the latest developments in the European recycled polyethylene terephthalate (R-PET) market, including: FD NWE colourless (C) bale prices rise for first time since May 2024 FD NWE C and mixed coloured flake prices rise at low end in March Food-grade pellet range widens, as UK C flake range narrows

07-Mar-2025

LONDON (ICIS)–Fresh US tariffs posing a big risk for polyethylene (PE), a chemical industry under threat of “extinction”, more Q4 results to pore over from EU polyolefins. There’s yet again plenty to digest for Europe polyethylene (PE) and polypropylene (PP) senior editors. Vicky Ellis and Ben Lake are joined by senior analysts Lorenzo Meazza (PE) and Emiliano Basualto (PP) to consider February trends, what to expect in March and the rest of 2025. Last but not least, they look at different scenarios that US tariffs will affect PE and PP. They touch on articles including US PE exports most vulnerable to retaliatory tariffs, Saudi plans for a new Sipchem/LyondellBasell mixed feed cracker and Orlen’s Q4 petchem operating loss improving. Podcast edited by Nick Cleeve ICIS senior analysts, editors and managers will be at the Hyatt Regency Hotel in Cologne, Germany on the 8-9 April for the 11th ICIS World Polyolefins Conference. You’ll also get to hear from industry leaders like Borealis, LyondellBasell and Covestro, as they share their insights. Discover more:

06-Mar-2025

HOUSTON (ICIS)–US polyethylene terephthalate markets reporter Melissa Wheeler interviews Vice President of the North America PET/Polyester Chain, Antulio Borneo. PET market factors discussed include: Tariffs on Mexico and Canada imports and the impacts to the US PET market Supply and demand balance going into the peak summer season China’s antimony bans on exports to the US and the impact that will have on PET production PET resins can be broadly classified into bottle, fibre or film grade, named according to the downstream applications. Bottle grade resin is the most commonly traded form of PET resin and it is used in bottle and container packaging through blow molding and thermoforming. Fibre grade resin goes into making polyester fibre, while film grade resin is used in electrical and flexible packaging applications. PET can be compounded with glass fibre for the production of engineering plastics. DAK Americas, Indorama, Nan Ya Plastics Corporation and Far Eastern New Century (FENC) are PET producers in the US.

05-Mar-2025

LONDON (ICIS)–Driven by legislation, European packaging-suitable grades of recycled material are increasingly acting like specialty rather than commodity grades. Regulation has disconnected prices of packaging suitable grades of recycled material from: virgin values grades primarily serving other end-uses feedstock costs. This a pattern repeatedly shown through analysis of the yearly average price spreads against virgin and feedstocks across recycled polyethylene terephthalate (R-PET), recycled high density polyethylene (R-HDPE) and recycled polypropylene (R-PP) markets. These are the types of spreads featured in ICIS’ new Circular Plastics supply, demand and pricing beta (alongside long-term supply & demand data and forecasts). The beta is accessible via a short questionnaire here. There are two key events that show the impact most clearly: The 2019 entry into force of the EU’s Single Use Plastics Directive (SUPD) This included mandatory 25% recycled content targets for polyethylene terephthalate (PET) bottles by 2025, and 30% recycled content targets in all plastic bottles by 2030 Individual countries then had until 2021 to fully translate the SUPD into national law The 2022 publication of the draft Packaging and Packaging Waste Regulation (PPWR) This entered into force in January 2025 and included mandatory recycled content targets across most plastic packaging It replaced the previous Packaging and Packaging Waste Directive (PPWD) Recycled polyethylene terephthalate (R-PET) food-grade pellets (which predominantly serve the bottle-to-bottle market) have traded at a premium to virgin PET bottle grade spot prices on average yearly basis since 2011. The variation in the average yearly spread has intensified in recent years, suggesting increased decoupling between the two markets. Nevertheless, since the entry in to force of the SUPD in 2019 there has been a marked increase in the spread compared with all prior years, as shown in the below bar-chart. A similar – but less pronounced trend can be seen in the premium between R-PET food-grade pellets and feedstock colourless post-consumer PET bales, whereby the spread in each year from 2019 onwards remains higher than any year prior to 2019. Source: Circular Plastics Supply & Demand Beta Meanwhile, yearly average prices for R-PET food-grade pellets in each year since 2021 (the deadline for fully translating the SUPD into national law) have been consistently above any year prior to 2021. 2011 was the only prior year that saw higher average yearly prices than 2019 and 2020. 2011 saw what were record high prices at the time throughout the R-PET chain, in part attributable to a swathe of sustainability initiatives from brand owners. While 2023 and 2024 saw challenging macroeconomic conditions, yearly average R-PET prices remained consistent with their 2021 level (coming back from 2022 record highs driven by bale shortages and voluntary sustainability targets). Spreads with feedstock meanwhile in both 2023 and 2024 were above any year prior to 2022 (although production costs were also higher as a result of the energy cost crisis), and spreads with virgin higher than any year prior to 2020. Turning to recycled high density polyethylene (R-HDPE) and similar trends can be seen in the wake of the publishing of the first draft of the PPWR by the EU Commission in 2022. This was the first point where the general market became aware of the scope of the minimum recycled content targets. The average yearly spread between blow-moulding R-HDPE pellets (which predominantly serves packaging) and virgin blow-moulding spot prices has been at least €347/tonne higher than the years prior to 2022 in every year from 2022 onwards. Source: Circular Plastics Supply & Demand Beta For natural post-consumer R-PP pellets each year from 2022 onwards has seen the spread with virgin at least €567/tonne above 2021 levels. Source: Circular Plastics Supply & Demand Beta The average yearly spread between R-HDPE blow-moulding pellets and feedstock mixed-coloured bales, meanwhile, has been at least €263/tonne higher in each year from 2022 than the years preceding it. R-PP natural post-consumer pellets have seen a spread with feedstock mixed-coloured bales of at least €190/tonne higher than 2021 in each year from 2022 onwards. Taken together, the ‘break points’ that legislation creates in the market are clear. Comparing the trends in non-packaging grades makes this even starker. R-HDPE pipe-grade pellets provides the clearest example, but the trends are similar across other non-packaging grades in Europe. As the name suggests R-HDPE pipe-grade pellets serve the pipe industry rather than packaging. Players in this sector typically purchase based on cost-saving against virgin, and the pipe sector is heavily linked to construction demand where there are no current regulatory targets on recycled content that have been proposed in the EU. The yearly average spread between pipe-grade black and feedstock bale costs reached fresh record lows in both 2023 and 2024. Meanwhile, the yearly average spread with virgin shows that black pipe-grade pellets have become progressively cheaper compared with virgin injection moulding spot prices in both 2023 and 2024. The lack of regulation has meant that pipe-grade black pellets have been more exposed by the negative impact of the cost of living and energy cost crises on the construction sector, while regulation on packaging has acted as a bulwark, comparatively. The change in the spread with feedstock comes at a time when production costs have increased. For recycled polyolefins the conversion cost between bale to pellets is currently estimated at €400-500/tonne, up from an estimated €300/tonne before the current inflationary cycle. This has meant that in 2023 and 2024 many players have struggled with margins, and in some cases players have been selling at a loss. Technical limitations mean that the bulk of material across recycled polyolefins serves non-packaging rather than packaging markets – and the majority of producers serving packaging sectors also serve non-packaging sectors. So while on the face of it margins on packaging grades may seem high, it does not demonstrate the health of the overall industry. Consolidation risk in the market was high in both 2023 and 2024, and remains so in 2025. Squeezed margins on non-packaging grades are also limiting recyclers and waste managers’ ability to invest in additional sorting, infrastructure and production capacity necessary to meet EU recycled content target. The data clearly shows that regulation does have an impact. It also shows that when unevenly applied it can add market fragmentation, distortion and complexity that can harm the achievability of its goals. ICIS is developing a CIRCULAR PLASTICS product that enables you to compare Circular Plastics supply, demand and pricing. Please complete this questionnaire for early access. Access Data ICIS assesses more than 100 grades throughout the recycled plastic value chain globally – from waste bales through to pellets. This includes recycled polyethylene (R-PE), recycled PET (R-PET), R-PP, mixed plastic waste and pyrolysis oil. On 1 October ICIS launched a recycled polyolefins agglomerate price range as part of the Mixed Plastic Waste and Pyrolysis Oil (Europe) pricing service. For more information on ICIS’ recycled plastic products, please contact the ICIS recycling team at recycling@icis.com

05-Mar-2025

HOUSTON (ICIS)–US-listed shares of chemical companies fell sharply – many by more than 5% – on Monday as the US proceeds with plans to impose tariffs on Canada, Mexico and China, its three biggest trading partners. The selloff in chemical shares was sharper than that for the general market. The following table shows the stock indices followed by ICIS. Index 3-Mar Change % Dow Jones Industrial Average 43,191.24 -649.67 -1.48% S&P 500 5,849.72 -104.78 -1.76% Dow Jones US Chemicals Index 851.42 -17.99 -2.07% S&P 500 Chemicals Industry Index 901.32 -17.93 -1.95% Shares of every US-listed company followed by ICIS fell. TUESDAY'S TARIFFSUnless the nations reach last-minute deals, the US will impose 25% tariffs on all imports from Mexico, 10% tariffs on all energy imports from Canada and 25% tariffs on all other imports from Canada. The US will also proceed with an additional 10% that it proposed on all imports from China, according to a post from the White House’s Rapid Response account on social media platform X. This is on top of the 10% in new tariffs that the US already imposed earlier in 2025 on imports from China. EFFECT ON US MARKETSWhile the US has large trade surpluses in polyethylene (PE), it still imports large amounts of the plastic from Canada. Many of these imports go to processors in the bordering states of Illinois, Michigan and Ohio. These states are far from most of the plastic plants in the US, which are concentrated in Texas and Louisiana. Processors in these states that border Canada will need to pay the tariffs or pay higher shipping costs to secure material from suppliers farther away. The US also imports notable amounts of purified terephthalic acid (PTA) from Canada and Mexico as well as methylene diphenyl diisocyanate (MDI) from China. The US receives large Canadian shipments of ammonia and potassium chloride, which is also known as muriate of potash (MOP). At least one company, Canada's Chemtrade Logistics, said it expected to pass a larger part of the tariffs to its customers. Chemtrade Logistics exports sodium chlorate, chlorine and sulfuric acid to the US. RETALIATIONChina already has retaliated by imposing tariffs on US imports of coal, liquefied natural gas (LNG), crude oil, farm equipment and some vehicles. China has restricted exports of antimony and bismuth. Antimony is used to make catalysts for polyethylene terephthalate (PET), and bismuth is used to make catalysts for polyurethanes. Canada had proposed retaliatory tariffs of 25% on Canadian dollars (C$) 155 billion ($107 billion) worth of US imports. The tariffs would be imposed in two phases. The first phase would cover C$30 billion of US imports of beverages, cosmetic, paper products and some finished plastics products, among others. Canada was preparing a second list, worth C$125 billion. All three countries could impose retaliatory tariffs on the substantial exports of PE, polyvinyl chloride (PVC) and other ethylene derivatives from the US. OTHER POSSIBLE US TARIFFSThe US has threatened to impose tariffs of 25% on imports from the EU. On 12 March, the US will impose tariffs of 25% on all imports of steel and aluminium, a move that will remove exemptions that it granted to some countries. The US will expand the tariff to cover more products made of steel and aluminium. In early April, the US said it would introduce retaliatory tariffs on imports from the rest of the world. These tariffs will consider what the US considers non-tariff trade barriers, such as value added tax (VAT) systems. CHEM STOCK PERFORMANCEThe following table shows the performances of US-listed shares followed by ICIS. Symbol Name $ Current Price $ Change % Change ASIX AdvanSix 26.82 -1.10 -3.94% AVNT Avient 41.23 -1.54 -3.60% AXTA Axalta Coating Systems 35.1 -1.11 -3.07% BAK Braskem 3.52 -0.17 -4.61% CC Chemours 13.86 -1.09 -7.29% CE Celanese 47.02 -3.92 -7.70% DD DuPont 78.83 -2.53 -3.11% DOW Dow 36.06 -2.05 -5.38% EMN Eastman 94.46 -3.39 -3.46% FUL HB Fuller 55.73 -1.01 -1.78% HUN Huntsman 16.04 -0.89 -5.26% KRO Kronos Worldwide 8.43 -0.32 -3.66% LYB LyondellBasell 73.41 -3.42 -4.45% MEOH Methanex 41.47 -2.57 -5.84% NEU NewMarket 562.65 -7.46 -1.31% NGVT Ingevity 45.24 -2.42 -5.08% OLN Olin 23.87 -1.52 -5.99% PPG PPG 111.72 -1.50 -1.32% RPM RPM International 123.09 -0.80 -0.65% SCL Stepan 58 -3.375 -5.50% SHW Sherwin-Williams 356.73 -4.75 -1.31% TROX Tronox 7.02 -0.615 -8.06% TSE Trinseo 4.62 -0.30 -6.10% WLK Westlake 108.71 -3.59 -3.20% ($1 = C$1.45) Please also visit the US tariff, policy – impact on chemicals and energy topic page Thumbnail shows money. Image by ICIS.

04-Mar-2025