Higher global crude-oil prices,firming prices of key feedstocks,higher export volumes in some cases,and a rebound in demand in some other cases,are key drivers in pro-jections for flat to at least slightly higher prices ahead for PE,PP,PS,PVC,and PET,These are the views of purchasing consultants from Resin Technology,Inc.(RTi),senior editors from PetroChemWire(PCW),and CEO Michael Greenberg of The Plastics Exchange.Polyethylene prices rolled over in January,with no sign of the announced industrywide 6¢/lb increases.Suppliers delayed the increase,generally splitting it in half-3¢ in February,3¢ in March.Both Mike Burns,RTi's v.p.of PE markets,and PCW senior editor David Barry thought there was a pretty slim chance that suppliers would get even a 3¢/lb hike.
展开▼