Free Linear Low-Density Polyethylene price New York
- Location: New York, New York, NY, United States
Linear Low Density Polyethylene Price in the first quarter of 2022 witnessed a supply shock in the feedstock ethylene market as the region’s largest refinery at ExxonMobil’s Baytown facility in Texas caught fire in the last week of December 2021. Demand witnessed a sharp rise by the second week of February and the planned cost push of USD 0.07/lb by major domestic producers including ExxonMobil, Lyondell Basel and Dow Chemicals. Other producers were hesitant to hike their offers due to lower than expected demand as well as an uncertain supply chain scenario vis-à-vis the overseas market. The month of March saw prices stabilize after witnessing a sharp surge of USD 90/MT in the last week of February.
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