- The producers could shut down to prevent an incoming
freeze- Choctaw flat in limited
activity after the holiday season





The US ethylene spot market participation
increased on Dec. 20, with flat for Choctaw ethylene up 0.125c/lb to
19.875 cents/lb. This was based on a December trade at 19.875c/lb. January maintained the market structure. A
December/January ethylene bid/offer of 0.375 to 0.125c contango MtB–Pipe was
heard, but could not be confirmed before the Market on Close assessment process. 22. Market
sources anticipate more regional shutdowns. Subfreezing temperatures reached
the Gulf Coast on Dec. 22, and continued through Feb. 14, 2021. It lasted for
more than 72 hours. This caused widespread petrochemical shut downs, tightening
supply throughout the year, and driving prices to record highs due to strong
demand. According to forecasters, the coming freeze
will be...