Spot Polypropylene prices waffled this past week, much as they have during most of August. The spot market however, did make a quick $.01/lb gain around the beginning of the month in response to an early $.015/lb higher Propylene monomer settlement for August contracts. The market tried to gain momentum a couple of times, but has really gone nowhere. Given the last year's correlation, it is not too far of a stretch to predict Polypropylene contracts to settle on average $.015-.02/lb higher in August.
For more details please click on the following link
http://plastemart.com/plasticnews_desc.asp?news_id=10755&P=P
Wednesday, August 29, 2007
Polypropylene Market Update in North America, August 27, 2007
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