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PP price hike stunted

By Staff -- Purchasing, 2/14/2008

It is becoming less likely that polypropylene (PP) producers will attain their price-increase targets of up to 7¢/lb this quarter. PP buyers say they paid 75¢/lb for the second month in a row in January. And, a majority of the resins buyers polled say they will continue to fight against the increases announced because of weaker-than-expected demand.

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