Domestic Demand: Down 5.3% through August and will not recover by year end.
Producer Domestic Sales: Through August, sales are up 1.4% per ACC data. Difference due to decline in 2017 import levels, down 41% through August (IHSM estimate)
PP Production: Through August is off by 1.5% compared to prior year.
Recent Demand Recovery: In May/June coupled with multiple supply disruptions led to margin increase announcements for August of 3 cpp.
Hurricane Harvey Likely To Support Margin: Near term though structural challenges for the market exist for 2018
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