04 April 2008 18:32 [Source: ICIS news]
Good netbacks were still available to Latin America in April, a supplier said, but the arbitrage window to ?xml:namespace>
Initial offers were at 70-71 cents/lb ($1,543-1,565/tonne or €988-1,002/tonne) FOB (free on board)
“If it weren’t for monomer increases, we wouldn’t be talking about these price increases,” a trader said. US polymer grade propylene (PGP) settlements for April were 3.5 cents/lb higher than March because of tight supplies.
A second trader said the PP market was in a strong position to maintain the higher April prices because high gasoline prices in the
($1 = €0.64)
For more on polypropylene visit ICIS chemical intelligence
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|