(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.