Polymer markets were in a tumult over the second half of May, with both feedstocks and the Euro declining, European producers were in the ticklish situation of having to adjust May posting prices higher even as spot numbers were tumbling. Market watchers expect sharply lower June contracts. The steepest spot declines were in low-density polyethylene (LDPE), linear LDPE, and polystyrene, all of which saw steep loses of $200-300/m.t. in North America and Europe. Polypropylene on both sides of the Atlantic held spot declines to $150-200/m.t., traders say. The only...
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