Polyethylene

Concede the feedstock share.

Ask to see it and challenge everything that's above the cost line.

I'm going to hit some, the rest of the resins, we're going to do some quick hits, ABS, polycarbonate, PET.

No letters yet, but costs are climbing.

Benzene for ABS and polycarbonate and paraxylene move of about 15 cents pending for PET.

Auto demand is still soft, so it's important not to volunteer here.

Be ready, but don't open the door.

Professor Dave explains.

Polyethylene and polypropylene together represent over fifty percent of the plastic produced in the world.

Specifically, the chemical industry produces around one hundred million metric tons of polyethylene, PE, and sixty million metric tons of polypropylene, PP, each year.

The raw materials for these polymers are ethylene and propylene, gaseous olefins obtained via steam cracking of hydrocarbon feedstocks.

As these substances are produced from non-renewable sources and are essentially non-biodegradable, they have acquired a bad reputation lately due to the pollution of the environment caused by their indiscriminate disposal.

Their devastating effect on all life forms is being elucidated by a host of current publications.

Long term, these are clearly products humans will have to do without.

Currently, however, PE and PP markets are set to grow three to four percent per year until twenty thirty-five.