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[Plastic] U.S. polypropylene spot prices climbed to the highest level in 25 months

 Last Update: 2022-01-20
 Source: Internet
 Author: User

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Sources said that due to insufficient supply and high demand, the US polypropylene spot export price rose to its highest level in 25 months.

Polypropylene

S&P Global Platts assessed that the spot export price of PP in the United States rose by US$22 on December 21 to US$1455-1477/ton (66-67 cents/lb) FAS Houston, and the price of rail transportation was 63-64.

The FAS estimate includes an additional 3 cents/lb to cover packaging and shipping costs.

The previous high of the U.

Compared with the same period last year and on January 2 this year, FAS Houston's price of US$915/ton (41.

A source said: "The PP export market has been operating at a high level for some time.

Another source said that demand is strong and is expected to remain in this state in the next quarter.

Since the FAS Houston price was estimated to be US$849/ton (38.

(Keyword: Polypropylene Foreign Information)

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