The Polypropylene market started out strong on Monday and spot prices continued to firm through the week. Just as many resin contracts had finally settled $.02-.025/lb lower for September (in line with a PGP drop of $.025/lb), October RGP contracts were already being agreed $.02/lb higher, while Oct PGP contracts have been nominated as much as $.04/lb higher. Since resin contracts have been so well correlated to monomer, October Polypropylene contracts will likely also settle higher.
For more details please click on the following link
http://plastemart.com/plasticnews_desc.asp?news_id=10966&P=P
Thursday, October 04, 2007
Polypropylene Market Update, October 1, 2007
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