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SpotContract
McDermott and CC7 to Deliver Cracker Unit Engineering and Procurement for Global PE Project (10/20/2021)
UK Calls on S&P Global and IHS Markit to Address Competition Concerns of Merger (10/19/2021)
Lanxess and BP to Use Sustainable Raw Material for Plastics Production (10/18/2021)
No Plans for 24/7 Operations at US Gulf Ports (10/15/2021)
Mexico and Canada Expected to Remain Largest Export Markets for US (10/14/2021)
White House Calls on Private Sector to Help Alleviate Supply Chain Congestion (10/14/2021)
Sabic Opens New Polypropylene Compounding Line in Belgium (10/13/2021)
ExxonMobil to Build Large-Scale Plastic Waste Recycling Facility in Texas (10/11/2021)
Baystar Bringing Resin Unit Back Online Following Maintenance (10/08/2021)
Dow to Build First Net-Zero Carbon Emissions Ethylene and Resin Site (10/06/2021)
PureCycle to Open Polypropylene Recycling Prep Facility in Florida (10/06/2021)
Tide Rock Holdings Grows its Plastics Manufacturing with Pikes Peak Plastics Acquisition (10/05/2021)
Polyethylene
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
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]
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