Polyethylene sales were well above average this past week, a dramatic reversal of the lackluster activity that has been seen over the past month or two. The surge in trade flow came as producers were more willing to deeply discount material, some prime, but particularly offgrade, to help clear out some of the inventory overhang, which had grown considerably according to recent industry data for May. Key commodity grades HDPE for Blow Mold and LDP... [More]

Polypropylene activity was the busiest we have seen in our marketplace in about 2 months, this considers both the heavy flow off offers and high volume of completed transactions. Prices continued their downtrend and buyers that had been waiting on the sidelines came back to scoop up these better railcar deals. We have also seen a serious run on our packaged PP truckload inventory, primarily for processors that waited too long to buy or otherwise ... [More]