Nominations for February monomer are now at plus $0.09.
January Monomer settled up $0.15 per pound to $0.73. Market experts believe we will see another increase in February of $0.03-$0.05 per pound. Polypropylene remains somewhat tight with plants shutting down for annual maintenance.
SABIC and BAYER have announced an $0.11 per pound price increase for January 1, 2013 on all Lexan and Makrolon products.
Once again January is proving to be an interesting month for polypropylene pricing. Some market reports claim a few major buyers of propylene are willing to settle at +$0.15 per pound for January. Supply has been tight with Petrologistics 3 … Continue reading