Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you a link to reset your password.

  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you a link to reset password for security reasons. Please contact the Client Services team.

If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password.

In this list

Chevron Phillips, NOVA join list of producers increasing PE pricing for June

Agriculture | Energy | Coal | Electric Power | Natural Gas | Oil | Metals | Petrochemicals | Shipping

2020 US Elections

Petrochemicals | Olefins | Polymers

Platts Global Polyolefins Outlook


S&P Global Platts Global Methanol Webinar - 2018

Petrochemicals | Polymers | Solvents & Intermediates

September US housing starts rise 1.9% on month, 11.1% on year

Chevron Phillips, NOVA join list of producers increasing PE pricing for June


Price increases effective June 1

Two PE grades stable on week, one rises

New York — NOVA Chemicals and Chevron Phillips Chemical plan to increase the prices for all their polyethylene products by 4 cents/lb in June, the companies told customers in letters obtained by S&P Global Platts on Thursday.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

Chevron Phillips and NOVA Chemicals are the latest in a group of producers announcing plans this week to implement a price increase on US polyethylene products in an attempt to stabilize or increase pricing in the PE market, sources said. Formosa, Dow Chemical, and LyondellBasell's subsidiary Equistar Chemicals also announced a 4 cents/lb increase for PE products earlier this week.

The price increase for all these producers will be effective June 1.

The announcements have become a trend this week as producers have followed one another to push for higher PE product pricing on the possibility of demand returning, as the US tries to reopen the country amid the coronavirus pandemic, a trader said.

Producers are preparing "in case [the] situation turns in their favor," the trader said. "I'm sure other producers will follow soon. But whether it will go through is another story."

Neither Chevron Phillips nor NOVA Chemicals was immediately available for comment.

Chevron Phillips' customers were told to contact their sales representative with questions regarding polyethylene pricing and current industry conditions during this "challenging period."

"We understand that navigating through this difficult environment may increase the volatility regarding your product needs and deliveries," Chevron Phillips' letter said.

Low density PE and high density PE remained flat week on week Wednesday, while linear low density PE rose. This was a result of producers halting offers in an attempt to stabilize or increase prices, sources said.

On Wednesday, Platts assessed US LDPE at $849-$871/mt, US LLDPE butene at $596-$618/mt and US HDPE blowmolding at $607-$629/mt, all on a FAS Houston basis.