Spot Polyethylene trading was swift and prices continued to rise, recording weekly back-to-back $.01-.02/lb gains. A change in market sentiment over the past month has encouraged modest restocking, this coupled with several recent resin production issues and Force Majeure declarations have quickly driven the Polyethylene market up by $.03/lb. Spot supplies of LDPE and LLDPE film grades remain snug while offers for HDPE resins have been disappeari... [More]

Polypropylene trading remained busy, even leaning towards robust. Spot PP prices jumped another $.02/lb bringing June gains to $.04/lb. Restricted resin production has been tightening supplies - add in rising feedstock costs and this fledgling rally has just turned in to a little bull market. Average PP contracts settled flat early in the month, although an effort to expand margins has been initiated by at least two producers. PP contracts this y... [More]