Minor Movement in North American Polymers Market

Most of the action in polymer markets this week has taken place in North America, with polyethylene (PE) and polystyrene (PS) rising but polypropylene (PP) declining. Players say that most of the moves, however, have been minor. PE rose an average of $30/m.t. in all types, but traders reported a lot of consolidation in price ranges. PS increases were said to be in the $40-50/m.t. range, while homopolymer PP slipped $$20/m.t. There was less overall action reported in Europe, but with BASF declaring force majeure on high-impact PS, spot prices spiked $100/m.t...

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