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U.S. polypropylene market has a large supply gap

 Last Update: 2022-08-24
 Source: Internet
 Author: User

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According to industry insiders, the current tight supply of polypropylene (PP) in the United States is unprecedented, and no export quotations have been seen this month, and there are few common specifications and high-quality PP resins in stock

PP operating rates have declined in recent months due to a series of planned and unplanned shutdowns and supply issues with propylene monomer

LyondellBasell conducted a planned overhaul of its Lake Charles, Louisiana, plant in July

OPIS PetroChem Wire data shows that as an indicator of market tension, the price of common-grade homopolymer PP in the domestic secondary market rose 2 cents/lb, which is up 10 cents/lb from the lows in late May and early June.
pounds

There are signs that the current supply relationship will not last until the end of the third quarter

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