LOS ANGELES , May 24, 2024 (Industry Intelligence Inc.) –
US PE Trading
Spot PE trading improved during the week started on May 13 compared to the previous week, according to reporting of PlasticsExchange updates by Plastics Today.
Meanwhile, spot pricing varied by grade, with HDPE film and injection grades losing US$0.01/lb owing to strong supply.
In contrast, LDPE and LLDPE injection grades increased by about US$0.01/lb. due to slimmer supply and improved demand.
On average, spot PE prices at the PlasticsExchange decreased by one cent in April.
Assessments for April PE contracts varied, with one index showing and increase of US$0.03/lb. and another holding flat.
The primary source of this information is Plastics Today.
US PP Trading
Spot PP trading kept a swift pace during the week of May 13.
Prices for homopolymer and copolymer PP gained US$0.01/lb., rising for the first time in two months, driven by firmer monomer costs.
In addition, PP demand from Mexican buyers remained solid.
Contracts for May polymer-grade propylene are expected to settle downward.
PP contracts fell by a full US$0.10/lb. in April.
The primary source of this information is Plastics Today.
China Benzene
Spot price negotiations for benzene on May 20 reach 9,000 yuan/tonne, owing to low inventory and strong styrene futures, according to CCFGroup.
Styrene futures contract for June increased by 309 yuan to reach 9,572 yuan/tonne, boosted by low inventories.
In the near term, benzene will likely keep strong supply-demand dynamics owing to shrinking inventories.
The primary source of this information is China Chemical Fiber Group.
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