PE, PS, PVC Prices Rise While PP Tabs Dip

摘要

Prices of PE and PS rose in August, and PVC prices were set to move up this month, while PP prices did the reverse. The spot polyolefins market firmed up in early August with spot PE and PP prices each gaining 1￠7/b, as supplies of both were generally limited, explains Michael Greenberg, CEO of The Plastics Exchange in Chicago (tbeplasticsexcbange.com). The pricing scenario diverges from there, at least for now: In the case of PE, suppliers were aiming to implement a 3-5￠/lb August price hike and similar increases this month, based on the tight supply situation and firm ethylene monomer prices, whereas PP prices were poised to drop 1-2￠/lb along with that of propylene monomer.