PE Wk 29: Ethylene crashes by $100/MT

Ethylene has fallen drastically by about $100 over the last few weeks. This has yet to translate into price reductions for PE. The Iran oil deal will mean increasing oil supplies in 2016 while the global economy continues to stutter. Over the medium term, we expect oil prices to stay low and PE prices to follow suit.

 

 

PE July Wk 29 Market Update