LOS ANGELES
,
January 19, 2024
(Industry Intelligence Inc.)
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US Resins US PE and PP trading improved during the week ended on January 12, according to the latest Plastics Exchange market update. PE trading was slightly below averages seen during Q4. Producers targeting export markets benefited from firm pricing in the Asian market, alongside trade pattern disruptions from the Panama Canal and Red Sea. PP prices gained US$0.01/lb, trailing polymer-grade propylene costs upward. The primary source of this information is The Plastics Exchange. Ethylene trading kept a brisk pace during the week ended on January 12, according to the Plastics Exchange market update. Spot ethylene for January traded on Tuesday at US$0.19/lb and at US$0.1925/lb, a cent higher than the previous Friday’s levels. The primary source of this information is The Plastics Exchange. US Propylene Propylene also saw swift trading during the week ended on January 12, with deals occurring daily, according to the Plastics Exchange market update. Transactions for spot January material were seen twice at US$0.49/lb, a cent higher than the previous week. A Wednesday trade for 2024 polymer-grade propylene was completed at US$0.445/lb. The primary source of this information is The Plastics Exchange.
US Ethylene
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