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Polypropylene Prices Trend and Forecast

In North America, surge in the polypropylene prices was observed during the third quarter of 2021 backed by the constraint availability of upstream Propylene. Supply of Propylene remained tight in the US market as several manufactures were compelled to shut their production units as a repercussion of Ida hurricane in August across the Gulf Coast in US. For instance, Phillips 66 imposed a temporary turnaround at its Propylene facility in late August as a part of the contingency plan. Moreover, firm demand from the downstream sectors aided the pricing trend in this quarter.

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Polypropylene Prices Trend and Forecast

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  1. Liquefied Petroleum Gas (LPG) Price Trend and Forecast Constant surge in the Liquified Petroleum Gas (LPG) Pricingwas witnessed in the North American region during Q3 2021. LPG market outlook showcased an upward trend due to the spike in the feedstock values. In addition, the arrival of Ida hurricane in the Gulf Coat of USA, compelled manufacturers to shut their oil and gas production plants and refineries as a part of contingency plan for almost two weeks that consequently declined the inventory levels of LPG. In addition, sturdy demand was observed from the industrial and household applications throughout the quarter that supported the pricing trend of LPG in the region.

  2. Acetone Price Trend and Forecast

  3. Low Density Polyethylene (LDPE) Prices Trend and Forecast During the third quarter of 2021, polymer availability improved significantly in the domestic market which resulted in a marginal decline in the Low Density Polyethylene (LDPE) Prices in North America. The demand from downstream sectors stayed healthy in Q3 as market participants pointed out that consumption for the product has turned stronger. The change in consumer behaviour was observed by the manufacturing sector after considerable ease in restrictions was seen across the US.

  4. Polypropylene Prices Trend and Forecast

  5. Polyethylene Glycol Price Trend and Forecast In North America, Polyethylene Glycol pricewitnessed an upward trajectory during the third quarter of 2021 In North America, Polyethylene Glycol priceswitnessed an upward trajectory during the third quarter of 2021

  6. Jet Kerosene PricesTrend and Forecast In the North American region, U.S. refiners witnessed higher earnings during the third quarter owing to the improvement in margins to sell gasoline and diesel despite the surging cost and low inventories of crude oil. Energy demand recovered rapidly from the worst days of the pandemic in 2020, and Brent and U.S. crude oil prices reached multi-year highs in Q3 2021. As Jet Kerosene Prices is still not up to pre-pandemic levels, market players eyed on resumption in international flights to Europe in November.

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