08 June 2012 17:36 [Source: ICIS news]
HOUSTON (ICIS)--Argentina polypropylene (PP) prices continued to climb in June with a modest jump on homopolymers but a more substantial increase in copolymers, despite a large decline in feedstock propylene, buyer sources said on Friday.
US PP contract prices fell by 15.5 cents/lb ($342/tonne, €270/tonne) in June, following an identical drop in feedstock propylene.
In Argentina, the increase for PP homopolymers was said to be around 2.5% over May prices, while copolymers went up by 4.30%, buyers said.
There is already scarcity of copolymers in June, derived from reductions of natural gas supply to industrial users as frequently happens in the winter.
The increase for random copolymers was described at about 3.5% over May.
Demand from the automotive sector is slightly down, and declines can be seen in popular items such as those found in supermarket chains, transformers said.
Prior to the June increase, PP homopolymer raffia prices in Argentina were in the range of $2,036-2,103/tonne DEL (delivered), based on ICIS data.
Homopolymer injection material was at $2,114-2,147/tonne DEL, based on ICIS data. Prices for small-volume buyers could be higher.
ICIS does not assess copolymer prices in Argentina.
$1 = €0.79
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|
Asian Chemical Connections