US polyolefins sector projected to see prices stabilize in 2013 amid lower feedstock volatility; PE, PP markets to see some growth, with less volatility expected due to fewer planned turnarounds in Q1, industry insiders say
NEW YORK , January 15, 2013 (ICIS Chemical Business (CBNB Abstracts) ) – More stable prices are expected in the US polyolefins sector in 2013, spurred by less feedstock volatility. Most players in the US polyethylene (PE) and polypropylene (PP) markets expect some growth for both sectors in 2013. Some say growth will be in line with the nation's GDP, while others predict improvement of as high as 3-4% over 2012. Volatility in the PE and PP sectors is seen to be reduced by fewer planned turnarounds announced for 1Q 2013 versus those in the same period in 2012. A line graph tracks US polyolefin prices from Dec 2011 to Nov 2012. Original Source: ICIS Chemical Business, http://www.icis.com/, Copyright Reed Business Information Limited 2013.