November increase attempt did not stick market-wide. Additional $.03/lb previously announced December increase remains on the table.Stretch demand improves.
PE producers will again seek to implement the $.04-.05/lb increase that did not stick market-wide in November, and if successful, an additional $.03/lb that was previously announced for December contracts. Very little fresh supply was presented to the spot market this past week January Crude Oil futures recovered from six week lows of $72.39/bbl to end at $76.05/bbl. Jan Natural Gas futures surged $.434/mmBtu, a 9% gain, to end the week at $5.192/mmBtu. After two weeks of stability, spot Ethylene prices rallied this week.
Trade Reporter December 2009
European Plastics Converters (EuPC), the Brussels-based organization for plastics processors, has attacked the plastics raw material price increases announced by suppliers in recent weeks. "Markets are currently …