LOS ANGELES
,
April 26, 2024
(Industry Intelligence Inc.)
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US Polyethylene Solid spot resin trading during the week ended on April 19 led to steady PE pricing for the second week in a row, according to The Plastics Exchange market update. Meanwhile, export market demand continued to take a significant amount of available spot prime offers. PE contracts are expected to remain flat for the third month in a row after achieving only a US$0.03/lb. increase in January. The primary source of this information is The Plastics Exchange. PP volumes reached their peak for the first quarter during the week ended on April 19, The Plastics Exchange market update shows. Meanwhile, prices fell by another US$0.02/lb. during the week, bringing prices back to where they started in early 2023. The primary source of this information is The Plastics Exchange. Ethylene started the week of April 15 with a quiet Monday, followed by spot April trades on Tuesday at US$0.1965/lb. By Friday, prices had fallen somewhat to settle slightly below US$0.193/lb. Polymer-grade propylene deals for April delivery were seen at US$0.41875/lb on Monday. By Friday, the weighted spot average for April polymer-grade propylene settled slightly lower than US$0.4175/lb. Contracts for April are seen likely to settle at US$0.45-US$0.47/lb. The primary source of this information is The Plastics Exchange.
US Polypropylene
US Monomers
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