The spot Polyethylene market got back on track as participants returned from the successful NPE trade show during the previous week. Buyers, many of whom expect prices to slide, seemed to have been limiting purchases until after their face to face meetings with suppliers, and indeed, they returned to the market with vigor. The resin reseller community appears to have shaken off a sluggish April in terms of volume as May sales can already be consi... [More]

Polypropylene trading activity also picked up; better demand was felt from both processors and resellers, some of whom have confidence to add to their inventories. While surplus prime PP resin remains scarce, there has been a steady flow of offgrade railcars targeted to the domestic market, where prices well exceed the clearing price for incremental exports. As such, imported Polypropylene resin also continued to make its way to the US shores and... [More]