According to plastics spot-trading platform, The Plastics Exchange (TPE; Chicago, IL), spot trading for the last week of polyethylene (PE), saw good volume and steady-to-firm prices (for more information, including detailed, historical charts, go to www.theplasticsexchange.com). There was a $0.03/lb price increase for prime contracts, and the generic prime spot market is now up about $0.045/lb since early December lows, according to TPE. Producers appear intent to raise prices a further $0.03/lb in March. Ethylene prices were down again to $0.3375/lb, which is $0.0575/lb lower than the last settled ethylene contracts.
TPE reports that the volume of polypropylene (PP) trades was good, with prices steady/firm. TPE speculates that producers will look to secure a $0.05/lb price increase for March now that the same increase is in place for prime contracts. Monomer feedstock propylene is also up $0.05/lb thus far in 2007.
In polystyrene (PS), TPE reports that trading volume was fair with prices steady/firm. There are limited amounts of generic prime PS available, and widespec offers are coming in at higher levels. Producers are interested in increasing contract prices $0.04/lb in March.