Polymer Prices in Europe, U.S. Quiet Amid Contract Nominations

Polymer prices remained very quiet this week, despite the back-to-work mood upstream in petrochemicals. But players say this could be the calm before the storm with produces hoping to renew summer increases and buyers resisting. North American polyethylene producers have nominated a 4 cts/lb increase for October, on top of September hikes that have yet to take effect. European polystyrene producers are seeking €85/m.t. for September as well. Polyvinyl chloride was the most active resin, with export prices in North America and Europe rising $65/m.t. August...

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