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Polymer prices surge
11:35 AM MDT | June 3, 2013 | Lindsay Frost
In what is being described as a surprising surge, spot and export polyolefin prices soared in the second half of May, sellers say. Buyers concede that short-term prices have risen, but they say that rise merely reflects smaller-volume buying needed to carry them through the slow summer months. Market watchers agree that July and August are expected to be softer. US polyethylene (PE) of all types rose $100–150/m.t. while polypropylene (PP) rose $50/m.t. Increases were about twice as big in Europe, where PE rose $180/m.t. for linear-low density PE, $200 for...
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