No End in Sight for Price Hikes

The spot resin markets continue to maintain their lofty levels. Trading activity began to pick back up after a typically quiet end to the second quarter. Completed volumes at the PlasticsExchange were heavily slanted toward polyethylene (PE) over polypropylene (PP), largely caused by still challenging supplies, reports the resin clearinghouse in its Market Update. While the market has seen a wide range of prices, it showed further consolidation, as off grade, representing the lower part of the pricing spectrum, continued to rise, while spot prime, on the top end of the market, remained flat. Ever-rising contract prices also ate further into the premiums that spot material established in the aftermath of the freak mid-February storm that swept through the Houston area disrupting production….Read More…

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