November 2011

In Polypropylene, we saw the long awaited 6 cpp decrease enter the contract market this month.  The spot market has already reflected this drop at the end of October.  What’s currently odd in the chain for PP is that feedstocks have not reacted to the volatility in crude.

balanced so there is not a free fall in the market.  However, with RGP down so much, January looks like another month where the monomer contract will be taking a small step lower.  (read full article)