LyondellBasell provides Q3 outlook

In the third quarter, the company expects North American integrated polyethylene margins to improve due to the completion of planned maintenance in April and increased prices supported by solid domestic demand and stronger export volumes. In Europe, steady seasonal demand and favorable feedstock costs are expected to continue. Ongoing capacity rationalizations across the region should help to balance regional supply and demand. Oxyfuels margins are expected to remain low for the remainder of the summer season. LYB continues to carefully evaluate potential risks and opportunities associated with evolving tariffs and global trade flows. To align with global demand and the company’s planned maintenance, LYB expects third quarter operating rates of 85% for North American olefins and polyolefins assets, 75% for European O&P assets and 80% for Intermediates & Derivatives assets.