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Cheap Natural Gas Drives down Costs for Chemicals and Fertilizer

Plunging prices have turned the U.S. into one of the most profitable places in the world to make chemicals and fertilizer, industries that use gas as both a feedstock and an energy source. And they have slashed costs for makers

April propylene prices expected to set record – Platts

Propylene is expected to reach an all-time high in North America later this month, as rising feedstock prices exert upward pressure on prices. US polymer-grade propylene contracts for April were beginning to settle at an all-time high, up more than

Plastics News – PET resin prices still soaring; PVC hikes smaller but ambitious

PET prices shot up an average of 8 cents per pound in February and another 5 cents per pound in March for a two-month leap of 13 cents per pound. Producers had been seeking a total of 16 cents for

Crude oil price surge helps U.S. chemical makers

Chemical prices are set globally by naphtha-based producers. That lets Dow and its peers charge the higher industry price and bank the margins from using cheap natural gas. Cheap natural gas is giving U.S. chemical companies an edge over European

Plastic Prices to Pressure Soda Prices –

Higher resin costs are pushing up the price of polyethylene terephthalate, or PET, the plastic used in a variety of consumer products such as soda bottles and clothing. Bottle-grade PET is up more than 21% from a year ago and

Shell Declares Force Majeure on Ethylene at Norco Chemical Plant – BusinessWeek

Royal Dutch Shell Plc declared force majeure on ethylene yesterday after a ruptured steam line caused the shutdown of an ethylene unit at its Norco chemical plant in Louisiana, said Alexandra Smith, a company spokeswoman. Production was reduced as a