The spot Polyethylene market was steady this past week, consolidating at these slightly higher levels. The flow of offers was reduced and completed volumes were a tad above average, though transactions slowed late in the week. Market participants digested the higher prices coming from the late (surprise) implementation of a $.03/lb price increase on April contracts. We had seen the bottom of the discounted spot market clean up and move $.02-.03/l... [More]

Spot Polypropylene trading was very good, demand was strong as market participants, including both resellers and processors, were out searching for well-priced deals. Most fresh railcar offers jumped up at least a nickel, in anticipation of at least a $.05/lb cost-push contract increase for May. Polypropylene prices had been slowly grinding lower during 2019, so a quick reversal market created a little sticker shock for buyers. However, some trad... [More]