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Exxon Mobil and other petrochemical producers announced to raise PE prices in June

 Last Update: 2022-11-09
 Source: Internet
 Author: User

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Equistar Chemicals, a subsidiary of Exxon Mobil and LyondellBasell, announced an increase in the prices of PE products in North America
.

The price adjustments will take effect on June 1, the companies said in a May 19 letter to customers
.

ExxonMobil said prices for all of its LDPE and LLDPE products would increase by 5 cents/lb and HDPE resin prices by 7 cents/lb
.

At the same time, Equistar Chemicals said that all its grades of PE products will be based on the previous price adjustment, an additional 7 cents / pound
.

In addition, Dow Chemical and Chevron Phillips Chemical also announced on May 17 and May 18, respectively, to increase the prices of their PE products
.

Chevron Phillips is up 7 cents/lb, while Dow Chemical's is up 5 cents/lb
.
The price adjustments are effective June 1
.

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