Polymer Prices Higher in U.S., Europe

 A rash of outages in Europe this week threw polymer markets into a tumult. Ineos polyethylene production has been hardest hit at several plants, but there are others. Export prices for PE spiked $400-500/m.t. but some market watchers called the numbers speculative. Export prices for polypropylene and polystyrene moved higher by arund $300/m.t. The reaction in North America was more muted, with prices rising $100-200/m.t. On the contract side a full slate of January nominations were looking soft until the outages, but traders say that PE contracts rose about...

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