Txhua lub limtiam cob qhia: Uas Pricing hauv siab; Ntxiv yaig ntseg

Spotresintradingimprovedlastweek, althoughthemarketisstillverynervous. Theflowofmaterialwasheavy

ntxiv dua thiab, andwhilecompletedvolumesrosesubstantially (fromdismallevels), offershavestillbeenaccumulating,

writesthePlasticsExchange(Chicago)initsMarketUpdate.Most,ifnotall,commoditygradepolyethylene(PE)

(PP) andpolypropylene resinsarereadilyavailable, andaverywiderangeofpricesarequoted. Ntws los

energyandfeedstockpricesrecoveredsomewhat, butplasticsremainedunderpressure. Marketparticipants

anticipatefurthererosionahead, asoffersforshipmentstwoweeksoutarecheaperthanmaterialforimmediate

zaub mov xa tuaj. Incrementalexportsalesremainseasonallychallenged,compoundedbythestrongU.S.dollarand

negativeregionalmarketsentiment.

SpotPEtradingwassignificantlymoreactive, asasteadystreamofofferscontinuedtopeltthemarketand

pricesslidfurther. Mostgenericprimegradesdroppedanotherpennywithvariousone-offdealsdoneatsteepernyiaj cheb.Resinhasbecomeplentiful; evenpreviouslyscarcegradeslikeLDPEfilmandLLDPEhaveemerged,

shrinkingtheirpremiums. Houstontradershavedroppedtheirbids, lookingtoliquidateunsoldlotsratherthan

takingonnewpositions, thiab, asalways, seekingback-los-backtransactions, reportsthePlasticsExchange.

Amidfallingspotlevels, someprocessorsseemfrustratedbythelackofclaritywithNovemberPEcontractsand

haveminimizedvolumecommitments. SeveralproducershaveloweredNovemberPEby$ 0.03/lb, butothers

haveyettoannouncethemagnitudeoftheirdecrease. Whilethepricereliefiswelcomedbybuyers, qhov$ 0.03/ lb

dauvisnotnecessarilydeemedalargeenoughbreak, andsomeareeying$ 0.05/lbtocompletelywipeawaythe

Septemberincrease.PerhapsitwilltakethroughDecembertoachievethenickelormaybeshaveevenmore.

PPtradingpickedupabitanddealswereflyingifthevolumeswerelarge.Genericprimelevelsgenerallyslid

anothercent, withlargerdiscountsneededtomoveoffgrade. Resellershavemaintainedtheirefforttoliquidate

uncommittedmaterial, acceptingreasonablebidsevenifitgeneratedaloss. NovemberPGPcontractssettled

earlierinthemonthdown$ 0.06/lb; thePlasticsExchangeexpectsanotherrangeofPPcontractpricemovement

basedonparticularindexmarkers, spotlevelsandmonomercomponents. SomePPbuyersappearedwillingto

payseveralcentsextraforlast-minutetruckloadshipmentsratherthanbuyingacheaperrailcar.Aspricescascadetsawg dua,theyfearbetterdealswillemergebeforethebulkresinevenarrives. Thatsaid,othershavefound

deeplydiscountedspotofferscompellingandworthyofmulti-carorders. Pricelevelsaregenerallyseenfromthe

$0$ 0 .40tomid .50rangebasedonqualityandquantity Mid; someisolatedroughermaterialhasbeenpriced

startingwitha3; homopolymerhasbeennoticeablyweakerthancopolymer.