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US POLYMERS
Spot export US polyethylene prices are expected to increase in the week starting April 19 as sources anticipate continued limited availability and price increases.
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Dow Chemical and Equistar Chemicals announced a price increase of 5 cents/lb effective May 1, and one source anticipates other producers to follow with similar price hikes. At the same time, I think the arbitrage from the US is almost non-existent at this stage, the same source said. In US domestic PE contracts, pricing is expected to remain stable on the week as the April settlement has not been announced yet.