Tuesday, October 23, 2007

Polyethylene Market Update, October 22, 2007

Spot Polyethylene prices added another penny this week, now up at least $.04/lb so far this month. Spot pricing now matches October contract price increases, which are becoming effective, and a bit more as producers begin working on the $.11/lb (yes, 11-cents!) of price increases nominated for November. There is a $.05/lb increase slated for Nov 1st implementation and a fresh $.06/lb increase targeted for mid-month.

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