March 2012

It’s hard to imagine spot monomer trading above the price of its derivative, but that seems to be occurring right now in the PE and PP Chain

Meanwhile, in PP, there are nominations out for a $0.02 and $0.05 cpp increase in PGP.

In the secondary market, trades for Polypropylene were seen in the very high 70s cpp range during March. This would lead many to believe that we have seen the end in the PP run up.  (read full article)