Analysts: New PE supplies will lead to bump in exports, processor expansions

03/28/2014 | PlasticsNews.com

The projected increase in U.S. polyethylene capacity, pegged at 14 billion pounds by 2018, is more than the U.S. market can use, so exports will help stabilize domestic selling prices, said market analysts Nick Vafiadis and Joel Morales. The increased capacity will also lead to reshoring and expansion of North American processors, Vafiadis said. Meanwhile, new supplies of propylene monomer will make prices more competitive than those for high-density polyethylene, they said.

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