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)
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