Spot Polyethylene trading relaxed to a more average pace; however, prices continued to drop. Railcar offerings came in waves and the offers which were well-discounted to contracts sold sporadically. Polyethylene prices in Houston have fallen dramatically and on average, another $.02/lb was wiped away this week. High volume deals at very sharp prices were consummated to help clear surplus supplies. HDPE for Blow Molding, which has by far been the ... [More]

The spot Polypropylene market remains challenging; prices are dropping but supplies are relatively light. Producers have not relied heavily on the export market to balance off inventories, instead they have kept operating rates reduced to closely match forecasted orders, and so a significant surplus of material has simply not developed. Spot PP prices have fallen about $.22/lb since they peaked in October. However, Polypropylene contract prices, ... [More]