Polyethylene prices are moving up
Polyethylene prices are moving higher again, driven by tight inventories, record exports and rising energy prices despite poor domestic demand and only a modest increase in ethylene costs, writes Michael Greenberg, CEO of The Plastics Exchange in a note to clients.
Despite an approximate gain of US$600/ton in spot ethylene prices in the US since the beginning of 2010 and a US$150/ton rise in spot VCM export offers, US PVC offers have failed to move higher in global markets.