World Polypropylene Growth Rates [17204 bytes]
Polyolefins prices peaked in early 1995 and, as a result, expansion plans were announced.
Following the surge, prices and operating rates began a decline that continued through the remainder of the year.
As planned additions come on stream in the next few years, polyolefins markets will likely loosen through 1998, at which time operating rates are expected to begin improving.
In 1995, world polyethylene capacity was more than 100 billion lb/year (45.5 million mty), according to Don Brady, worldwide polyethylene manager for Phillips Chemical Co., Houston. Phillips' summary of current and projected regional polyethylene ca...