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LyondellBasell Rolls $.03/lb Polypropylene Increase from April to May
April 23, 2023
April Polypropylene contracts are expected to settle this week; they will confirm with a large PGP cost-led decrease and does not seem that the margin expanding increase will take hold, but rather be attempted again in May.
LyondellBasell said in a letter to customers on Monday that it is amending the previously announced Polypropylene (PP) price increase of $.03/lb from April to May 1. This increase will also be in addition to the change in the upcoming May PGP contract.
LyondellBasell's announcement comes after TotalEnergies announced that it would raise May PP prices by $.06/lb, in addition to any change in the May PGP contract, effective May 1.
By The Plastics Exchange.
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