With PP demand outstripping supply, spot prices shot up well beyond the change in PGP monomer costs, inspiring producers to nominate a series of margin enhancing price increases, some of which have already been successful, including $.03/lb in Oct/Nov and $.04/lb in Dec. Spot PGP prices have been plagued with their own supply challenges due to weaker refinery runs, a generally light cracker feed slate and PDH outages, each reducing Propylene prod...
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