The polypropylene (PP) supply/demand dynamic is tight enough that any further production issues could trigger rising resin prices, especially considering the bullish monomer curve, according to the PlasticsExchange (Chicago).
After several months of relaxed buying, domestic demand improved in March and has continued into April. More opportunity is seen for rising prices rather than further weakness from a seller perspective.
Completed volumes were high, contributing to a strong month and one of the best quarters, only barely eclipsed by the extraordinary hurricane market of late 2017, reports the PlasticsExchange (Chicago) in its Market Update.
Polyethylene (PE) contracts are rolling flat in February; a growing gap between contract prices and lower spot levels is creating deal-making opportunities.
