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Supply shortfall continues in PP even as prices ease


Supply shortfall continues in PP even as prices ease
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The North American polypropylene resin market had another surprising month in April, with prices falling an average of 7 cents per pound even as demand remained high.
Prices for PET bottle resin also continued their steady rise, moving up an average of 2 cents per pound in April.
The 7-cent drop for PP was the result of a 13-cent decline in price for polymer-grade propylene (PGP) feedstock, combined with 6 cents in margin improvement won by regional PP makers.
Although demand for PP remained high, PP production in the region still hasn t returned to its levels before Winter Storm Uri hit Texas in mid-February, temporarily knocking out almost 90 percent of PP production. As a result, less propylene was consumed both in April and March. PGP fell 18.5 cents, with PP down 12.5 cents, with producers again gaining 6 cents in margin. ....

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PP prices down, other commodities up in a turbulent March


PP prices down, other commodities up in a turbulent March
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Polypropylene was the odd resin out in March, with North American prices falling, while prices for other commodity resins in the region saw increases.
PP prices fell an average of 12.5 cents per pound in March. Demand for the material remained strong across many end markets. The price decline was the result of a demand drop for propylene monomer feedstock.
Propylene demand was down as many PP resin plants were struggling to come back from outages caused by Winter Storm Uri, which hit Texas in mid-February. Regional propylene monomer prices were down 18.5 cents per pound in March. ....

United States , United Kingdom , Fort Worth , Jeff Schultz , Phil Karig , Bruce Flannery , Scott Newell , Manufacturers Association For Plastics Processors , Resin Technology Inc , Mathelin Bay Associates In St , North American , Winter Storm Uri , Gulf Coast , Resin Technology , Suez Canal , North America , Mathelin Bay Associates , Winter Storm , Manufacturers Association , Plastics Processors , Amco Polymers , West Texas Intermediate , ஒன்றுபட்டது மாநிலங்களில் , ஒன்றுபட்டது கிஂக்டம் , கோட்டை மதிப்பு , ஜெஃப் ஶுல்ட்ஸ் ,