Polypropylene continues to be driven by monomer, but don't be fooled by the huge spread between RGP & PGP. It is possible we will see another drop in PGP in January, but we don't expect a large drop. We also expect the spread to continue well into 2012. With January likely the low point for PP pricing for the 1st and 2nd quarters, now is a good time to buy forward.
