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Polymers Prices Lackluster in U.S. and Europe
10:12 AM MDT | July 29, 2011 | Lindsey Bewley
Buying interest evaporated as converters and polymer producers saw demand dwindle and inventory burgeon. Export prices declined about $100/m.t. for all types of polyethylene in both North America and Europe, while export prices for polypropylene and polystyrene tumbled as much as $200/m.t. Little trading could be confirmed, so prices were described as largely notional. Export polyvinyl chloride (PVC) slipped $140/m.t. in North America but sank $320/m.t. in Europe. The European PVC contract for June was reported lower by €65/m.t...
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