Sveķu iknedēļas ziņojums: Plastmasu cenu zem spiediena; Turpmāku eroziju, paredzams

Spotresintradingimprovedlastweek, althoughthemarketisstillverynervous. Theflowofmaterialwasheavy

jauna, andwhilecompletedvolumesrosesubstantially (fromdismallevels), offershavestillbeenaccumulating,

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

andpolypropylene (PP) resinsarereadilyavailable, andaverywiderangeofpricesarequoted. Augšpus

energyandfeedstockpricesrecoveredsomewhat, butplasticsremainedunderpressure. Marketparticipants

anticipatefurthererosionahead, asoffersforshipmentstwoweeksoutarecheaperthanmaterialforimmediate

krava. Incrementalexportsalesremainseasonallychallenged,compoundedbythestrongU.S.dollarand

negativeregionalmarketsentiment.

SpotPEtradingwassignificantlymoreactive, asasteadystreamofofferscontinuedtopeltthemarketand

pricesslidfurther. Mostgenericprimegradesdroppedanotherpennywithvariousone offdealsdoneatsteeperatlaides.Resinhasbecomeplentiful; evenpreviouslyscarcegradeslikeLDPEfilmandLLDPEhaveemerged,

shrinkingtheirpremiums. Houstontradershavedroppedtheirbids, lookingtoliquidateunsoldlotsratherthan

takingonnewpositions, un asalways, seekingback backtransactions, reportsthePlasticsExchange.

Amidfallingspotlevels, someprocessorsseemfrustratedbythelackofclaritywithNovemberPEcontractsand

haveminimizedvolumecommitments. SeveralproducershaveloweredNovemberPEby$ 0,03/lb, butothers

haveyettoannouncethemagnitudeoftheirdecrease. Whilethepricereliefiswelcomedbybuyers, $ 0,03/lb

kritumsisnotnecessarilydeemedalargeenoughbreak, andsomeareeying 0,05$ / lbtocompletelywipeawaythe

Septemberincrease.PerhapsitwilltakethroughDecembertoachievethenickelormaybeshaveevenmore.

PPtradingpickedupabitanddealswereflyingifthevolumeswerelarge.Genericprimelevelsgenerallyslid

anothercent, withlargerdiscountsneededtomoveoffgrade. Resellershavemaintainedtheirefforttoliquidate

uncommittedmaterial, acceptingreasonablebidsevenifitgeneratedaloss. NovemberPGPcontractssettled

earlierinthemonthdown$ 0,06/lb; thePlasticsExchangeexpectsanotherrangeofPPcontractpricemovement

basedonparticularindexmarkers, spotlevelsandmonomercomponents. SomePPbuyersappearedwillingto

payseveralcentsextraforlast minutetruckloadshipmentsratherthanbuyingacheaperrailcar.AspricesCascadezemāka,theyfearbetterdealswillemergebeforethebulkresinevenarrives. Thatsaid,othershavefound

deeplydiscountedspotofferscompellingandworthyofmulti carorders. Pricelevelsaregenerallyseenfromthe

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

startingwitha3; homopolymerhasbeennoticeablyweakerthancopolymer.