Spot prices for most commodity grade Polyethylene resins shed $.01-.03/lb as the ample inventory / soft demand balance factored into further price erosion. In a relatively rare occurrence, our PE trading was outdone by this past week’s PP activity and while daily dealings were fairly consistent, total weekly volumes were not as robust compared to peak levels several months earlier. HDPE for Injection and Blow Mold, which had been some of the more... [More]

Polypropylene prices chunked off another $.03/lb, just one week removed from dropping $.06/lb, its deepest decline of the year. Sales picked up significantly as traders unwound positions in the face of improving supply and falling PGP costs. Completed volumes heavily favored Prime packaged CoPP and HoPP raffia, and the majority of sales were for ready to ship imported material alongside some domestic railcars. Although availability has improved, ... [More]