February 2012

Negotiations are still underway on the $0.06 cpp increase in PE while the PP contract market moved up $0.165 with monomer.  While these are important movements, they are a distraction to the bigger picture.

Polypropylene made a significant move up in February with the monomer increase of $0.165.

With rising crude, gasoline prices and higher alkylation values for RGP, there is only one direction for PP to move.  (read full article)