April 2009

Trends and Resources

HP Impact: HPImpact: Economy, capacity additions pressure polyolefins markets

The first half of 2008 saw polyolefins prices rising to record highs as industry supply and demand balances enabled producers to pass through extraordinary feedstock prices. In contrast, second-half 2..

Weirauch, Wendy, Hydrocarbon Processing Staff

The first half of 2008 saw polyolefins prices rising to record highs as industry supply and demand balances enabled producers to pass through extraordinary feedstock prices. In contrast, second-half 2008 witnessed an unprecedented demand crash as a result of problems in credit markets and its effects on economic activity. "The decline in demand was exacerbated by falling feedstock prices, with crude prices dropping 70% from July 2008 values by the end of the year," according to a new outlook from Nexant ChemSystems (www.chemsystems.com). With falling polymer prices, purchasers withdrew from the market, and inventories along the value chain were significantly reduced. The degree of invent

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