The Week in Chemistry: US PE, PP spot prices continue downward trajectory on ample supply; petrochemical, polymer price declines become a global trend, US wholesale chemical trading dips 0.5% in June

Sample article from our Chemicals Industry

LOS ANGELES , August 12, 2022 () –


US Resins 

Spot prices for both PE and PP resins for the first week of August continued their downward trend seen in July as sluggish demand met plentiful supply.

Spot PE trading started August with slightly more activity than July, but prices nevertheless lost US$0.01/lb. Negative market sentiment persists among producers, who expect another contract decrease to follow spot prices downward.

In addition, ample supply has only been augmented by slow export activity, along with even more capacity poised to come online before the end of 2022.

PP saw an average trading pace for the week, with prices declining by a few more cents. Processors are confident that lower prices will persist, given the abundance of off-grade resin offers.

The primary source of this information is Plastics Today.


Global Petrochemicals

Commodity petrochemical and polymer prices broadly declined worldwide, pressured by economic woes in China, geopolitical tensions in Ukraine and murmurs of an impending recession, according to the latest monthly ICIS Petrochemical Index.

The global index fell 8%, based on the prices of 12 commodity petrochemicals and polymers. Northeast Asia saw a particularly sharp decrease in prices.

In addition, leading indicators suggest prices will decline even further, placing pressure on the margins of major chemical players.

In the US and Europe, key aromatics chemicals prices fell steeply in August, correcting from highs seen in June.

The primary source of this information is Plastics Today.


US Chemical Trends

Chemicals trading increased in June with exports up 2.3%, while imports fell 4.6% on the month, according to the American Chemistry Council’s weekly trends report.

Wholesale chemicals trading fell by 0.5% in June, while inventories increased 2.7%. However, both trading and inventories increased 24.6% year-over-year.

Meanwhile, chemical producer prices held flat in July after seeing monthly gains for more than two years. 

Chemical prices increased 16.1% year-over-year with gains across all segments. Similarly, import prices increased 16.1% year-over-year, but fell 0.6% for the month of July.

The primary source of this information is The American Chemistry Council.


* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.

See our dashboard in action - schedule an demo
Chelsey Quick
Chelsey Quick
- VP Client Success -

We offer built-to-order chemicals industry coverage for our clients. Contact us for a free consultation.

About Us

We deliver market news & information relevant to your business.

We monitor all your market drivers.

We aggregate, curate, filter and map your specific needs.

We deliver the right information to the right person at the right time.

Our Contacts

1990 S Bundy Dr. Suite #380,
Los Angeles, CA 90025

+1 (310) 553 0008

About Cookies On This Site

We collect data, including through use of cookies and similar technology ("cookies") that enchance the online experience. By clicking "I agree", you agree to our cookies, agree to bound by our Terms of Use, and acknowledge our Privacy Policy. For more information on our data practices and how to exercise your privacy rights, please see our Privacy Policy.