24 November 2010 19:45 [Source: ICIS news]
HOUSTON (ICIS)--At least two ?xml:namespace>
The PP nominations matched a 3 cent/lb Decenber increase nomination for feedstock polymer-grade propylene (PGP), a resin supplier said.
Spot PGP for November was heard traded at 58.25 cents/lb, compared with offers at 55.25 cents/lb during the week ended 22 October.
US PP price fluctuations are largely governed by the benchmark PGP contract price because of the prevalence of monomer-plus contracts in the
A PP buyer said the 3 cent/lb increase nominations were not realistic and a rollover or small decrease would be more likely outcomes for December.
Major US PP producers include Braskem Americas,
($1 = €0.75)
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