Spot Polypropylene offers are still coming in at mostly steady prices and spot supplies have begun to grow. The offers are accumulating since prices are considered high given that market sentiment is now turning negative. Propylene monomer costs are reported to have settled at least $.025/lb lower to $.455/lb. Considering that during this past year contract Polypropylene prices have closely followed contract Propylene prices, resin buyers are rightfully expecting a concession in September.
For more details please click on the following link
http://plastemart.com/plasticnews_desc.asp?news_id=10843&P=P
Tuesday, September 11, 2007
Polypropylene Market Update in North America, September 10, 2007
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