January 2012

We mentioned in the December post to watch for the refinery space to correct production levels due to tightening margins as the price of derivative products remain subdued.  This has started to show itself in the Polypropylene space.

Polypropylene is once again making a bold move higher.  As we mentioned in December, the dynamics that had the price lowered were not sustainable.

With PP production tight overall, we do not see the increases fading soon.   (read full article)