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Polyethylene remained under negative pressure in May in N America

May 28/2012

(chemmonitor) -- A large number of ethylene production units in April and this month in North America created increased availability of the material.

This affected performance of downstream polyethylene (PE). The PE market was also impacted by the purchasing activity downturn as local users had previously built their inventories. Lower crude quotes influenced PE operations in May, as well.

North America PE traders could maintain price stability through the first week of the month.

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