Polyethylene activity and completed volumes ramped back up as the week wore on, though pricing did not recoup the penny lost on Monday. The small spot price drop in PE does not necessarily mean price relief is on the way since producers continue to push for contract price increases for May and June as high energy and transportation costs persist. While offgrade railcars still flowed, prime domestic railcar offerings were again limited and produce... [More]

Polypropylene activity was soft at the start of the week and prices eased $.01/lb on the heels of lower feedstock costs; however, resin trading picked up during the balance of the week. While it was our strongest PP sales week in more than a month, we again chose to exercise caution as we peeled off some of our market making inventories while closely monitoring supply chains and the geopolitical landscape. Our completed volumes were well spread o... [More]