Commodity Market Report
Polypropylene North America monthly market overview November 2019
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Report summary
Turnarounds at LyondellBasell’s Bayport and Braskem’s La Porte facilities continue to slow production through October. Both facilities are expected to resume production in November. Domestic demand remains weak in October, with YTD 2019 levels down around 1% from the same period in 2018. Signs of demand improvement are still expected through the end of 2019. The automotive sector’s sales were up 1.3% from August to September. Polymer grade propylene (PGP) prices fell 2 cents per pound in October. Due to upcoming turnarounds affecting feedstock availability, PGP prices are expected to increase through the end of 2019. Polypropylene homopolymer domestic prices are expected to continue following PGP through that increase and in to 2020.
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