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Polymer contracts settled lower, spot market mixed
11:33 AM MDT | May 17, 2013 | Lindsay Frost
Contract prices were uniformly lower in transatlantic polymer markets, but export prices were reported to have shown some life. Buyers, however, dismiss the gains as short-term response to bargain buying, and reiterated the broad weakness of end-use markets, especially in Europe. In North America, all types of polyethylene (PE) were agreed lower by 4–6 cts/lb for April, while polypropylene (PP) was done down just 4 cts/lb. On the spot side, there was more variation, with low-density PE (LDPE) higher $70/m.t., while linear LDPE was off $120/m.t. Export...
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