Polypropylene supplies in the US remained tight this week with little change anticipated in the near term supply demand balance. Sellers continued to report being sold out through August and into September and buyers confirmed that available pounds were few. The market was still reeling from inventory management issues seen earlier in late June and July. Homo injeciton prices contnued to be talked in the mid-to upper 60’s cents/lb range this week while fiber maintained a penny/lb premium to homo injection. Although prices were up 2 cents/lb in August, margins remained thin as monomer costs were up in August as well.
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