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The Plastics Exchange Week in Review 6508

January 4, 2008

1 Min Read
The Plastics Exchange Week in Review

Polyethylene trading hit record level as prices held steady or moved lower at spot-trading platform, The Plastics Exchange (TPE; www.theplasticsexchange.com). Several dozen separate railcar transactions at TPE, including some for up to 15 railcars each, made for the highest volume trading period of 2007. Demand came both domestically and from export markets, with good buyers for blowmolding and film grades in particular. Producers attempts to implement $0.11/lb of price increased in December failed, making it more likely that producers will push for them in January.

For polypropylene (PP) trading, volume was good with mostly steady prices, according to TPE. Prices initially dipped but finished strong, and look to go higher on the basis of tighter year-end supplies. Exports have been restricted to Central and South America, with prices to high to entice buyers from Europe or Asia. Producers have nominated a $0.03/lb price increase for January contracts, in addition to a $0.06/lb increase that was pushed back from December.

Polystyrene (PS) trading volume was average and prices remain weak. TPE reports that overall pricing has lowered from earlier highs with generic-prime high-impact PS cars available from the mid-$0.70’s/lb and up, with general-purpose PS just below that.

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