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SpotContract
Sinopec's Net Profit Surged 44% YoY to RMB 46.7 Billion in 2016 (03/27/2017)
Dow and DuPont Receive Conditional Approval from European Commission for Proposed Merger of Equals (03/27/2017)
Silgan amends and restates existing credit facility (03/27/2017)
BWAY Acquires Metal Packaging Facility (03/27/2017)
NOVA Chemicals and Borealis enter Preliminary Agreement with Total to meet growing global demand for polyethylene (03/27/2017)
March PGP Monomer Contracts Settle (03/24/2017)
Williams CEO to Present at Scotia Howard Weil 2017 Energy Conference (03/22/2017)
Nexeo Solutions Reprices Term Loan Credit Facility (03/22/2017)
A. Schulman To Increase Capacity For Color Masterbatches (03/21/2017)
A. Schulman to Webcast Fiscal 2017 Second-Quarter Earnings Conference Call (03/21/2017)
AERT, Inc. To Be Acquired by Oldcastle Architectural, Inc. (03/17/2017)
AERT Announces 2016 Year End Results (03/17/2017)
Polyethylene
Spot Polyethylene trading was consistent, supplies were a bit better for most materials and prices were mixed. However, demand was still unenthusiastic; processors were mostly buying as needed, as many chose to continue to chew through inventories and limit purchases. PE producers implemented their nickel increase in Feb and have been working on their March $.06/lb hike. Upstream resin inventories have been tight, emboldening sellers, while the s... [More]
Polypropylene
Oh Polypropylene, sometimes your market behavior is strange. Most PP contracts will increase $.04/lb in March, commensurate with the rise in PGP contracts; this brings the first quarter gains to a massive $.205/lb. March PGP settled at $.52/lb and with average resin contracts running a premium somewhere in the teens over monomer, prime PP railcars should be at least mid-$.60s/lb. Indeed, this steep and sharp spike should sensibly sap some direct ... [More]
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