The Week in Chemistry: US PE, PP spot prices lower for week of July 4, North American chemical railcar traffic dips 3.1%; US government places sanctions on entities involved in illicit Iranian oil, petrochemical trade

Sample article from our Government & Public Policy

LOS ANGELES , July 15, 2022 () –

 

US Resins

US prime PE resin prices dip US$0.02/lb during the week of July 3 as resellers and processors de-stock inventories.

Prime PP resin prices fell US$0.03/lb as monomer costs decline and demand relaxes.

PE contracts for June settled at a rollover from May. 

Meanwhile, PP contracts lost US$0.10/lb in June, making for a total of US$0.17/lb lost in just two months.

The primary source of this information is Plastics Today.


US Sanctions on Iran

The US government on July 6 introduced new sanctions targeting companies involved in Iran’s exports of oil and petrochemical products to east Asia.

The sanctions specify 15 individuals and entities that are tied to ‘illicit’ trading activity that has resulted in millions of dollars in revenue.

The move is being called an attempt to increase pressure on Iran to resume nuclear talks.

The primary source of this information is S&P Global Platts.


North America Chemical Rail Traffic

North American chemical rail traffic decreased by 3.1% for the week ended July 9, according to data released by the Association of American Railroads. 

Chemical carloads decreased by 1,038 to a total of 30,163 during the week.

Volumes of petroleum and petroleum products fell by 378 carloads to 9,395.

The primary source of this information is MRC.

 

* 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
Jason Irving
Jason Irving
- SVP Enterprise Solutions -

We offer built-to-order government & public policy 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.