January 2011

We kick things off by exploring the 17 cpp price spike earlier this year in Polypropylene.  We need to start back in October of 2010 in order to review the life cycle of this event.  Polypropylene pricing had decreased as supply was exceeding demand.

The move in crude lent support to Refinery Grade Propylene which serves as another feedstock for PP monomer.  All of this came to a boil in January of 2011 and produced a near %30 price spike for Polypropylene

The key takeaway from this is that the event had a long life cycle.  It began in October of 2012 and manifested itself in the PP market during January of 2011.  Contributing factors from energy, natural gas liquids and olefins flowed into the price of polypropylene.  (read full article)