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US PE stocks fall for a 3rd straight month in April: ACC

by ChemOrbis Editorial Team - content@chemorbis.com
  • 12/05/2016 (17:58)
According to preliminary data from the American Chemistry Council (ACC), PE stocks in the US and Canada declined for a third straight month in April in line with strong domestic sales and declining production.

Data revealed that polyethylene producers reduced inventories by over 185.8 million lb (approximately 84,000 tons) in April while stocks for HDPE grades fell by almost 112.5 million lb (approximately 51,000 tons). Producers have raised their contract prices by 4 cents/lb ($88/ton) in April and by 9 cents/lb ($198/ton) since March with the aid of strong domestic sales.

Overall domestic sales reached over 2.66 billion lb (approximately 1 million tons) in April compared with 2.88 billion lb (approximately 1.3 million tons) in March while total sales stood at over 3.4 billion lb (approximately 1.5 million tons). Meanwhile, exports fell by 16.7% on the month while increasing by 13.75% on the year.
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