26 March 2007 16:46 [Source: ICIS news]
SAN ANTONIO, Texas (ICIS news)--A producer nominated an increase of 3 cents/lb for April polymer (PGP) and chemical (CGP) grade contracts, an olefins source said on Monday.
The nomination comes amid rising spot prices for ?xml:namespace>
Spot prices have risen by about 5 cents/lb to 43.50-45.25 cents/lb ($959-998/tonne) over the past two weeks, according to global chemical market intelligence service, ICIS pricing.
A buyer said, however, that it will push for a flat settlement for April based on soft demand.
March PGP settled at 45.5 cents/lb. CGP for the month was 44 cents/lb, according to ICIS pricing.
Equistar, ExxonMobil, Chevron Phillips, Shell and
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