September 2000

Trends and Resources

HP In Brief: HPIn Brief

A healthy global economy and competitive polypropylene (PP) prices fueled 1999 global PP demand to a 10.8% increase over 1998 levels. This was the largest annual increase in the past five years, accor..

Weirauch, Wendy, Hydrocarbon Processing Staff

A healthy global economy and competitive polypropylene (PP) prices fueled 1999 global PP demand to a 10.8% increase over 1998 levels. This was the largest annual increase in the past five years, according to data from Phillip Townsend Associates, Houston, Texas. The tremendous growth was partly due to PP's "exceptional volumetric price spreads achieved against three important competing polymers," say the analysts. In the U.S., the differential versus HDPE was 0.44 cents/cu in. The spread versus polystyrene was 0.62 cents/cu in.; versus PVC, it was 0.48 cents/cu in. Townsend forecasts that worldwide PP consumption will continue to grow an average of 8.3%/yr from 1999 to 2004. This represents

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