Exxon Mobil Chemical Co.’s big plans to add polyethylene resin capacity on the U.S. Gulf Coast just got even bigger.
Houston-based ExxonMobil on Nov. 14 announced plans to add more than 1.4 billion pounds of annual PE capacity at its Beaumont, Texas, location. That amounts to a 65 percent capacity increase for PE production there.

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PE & PP resin sales, while active, are still seeing processors hold back on purchases expecting more in the way of price improvement.  PE buyers appear to be pushing for a complete retreat of the Sept increase.  See full update here.

The commodity resin markets continue on their bumpy ride as demand weakened some for most grades of PE causing prices to retreat some from the Sept increase.  PP prices relaxed as well with adequate supply and the expectation of off-line reactors returning to production allowing for downward pressure.  See the Plastics Exchange update here.