Polyethylene market poised for massive price increases.(Brief Article)(Statistical Data Included)

Chemical Market Reporter | February 4, 2002| | Copyright

THE POLYETHYLENE industry has reached the bottom of its trough in terms of pricing and margins, and producers are unleashing massive price hikes for January and February. Producers have nominated a 3-cent increase for January contracts and a further 4-cent increase for February. Producers concede that margins are abysmal and both increases are necessary, but they are confident that prices will move despite the market's weakness in 2001.

Although the North American polyethylene market contracted by roughly 5 percent in 2001, producers and analysts are divided as to ...

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