Published: November 24th, 2015
With a shortened business week ahead, the commodity resin markets wasted no time in ramping up activity, having already generated some of the highest monthly volumes of the year, reports the PlasticsExchange in its weekly update. Spot prices were mixed the week of Nov. 16: Polyethylene (PE) was both modestly higher and lower, based on grade, while polypropylene (PP) was steady to slightly weaker. PE contracts are again rolling flat in November and the twice delayed $0.05/lb increase is now slated for December.
Published: November 17th, 2015
Commodity resin trading remained busy the week of Nov. 9, according to the weekly update from the PlasticsExchange. Relatively high volumes of resin changed hands and prices were generally firmer.
Published: November 15th, 2015
In real estate, it's "location, location, location." In plastic resins, it's "capacity, capacity, capacity." At the recent Global Plastics Summit, organized by IHS and SPI: The Plastics Industry Trade Association in Chicago, Nick Vafiadis, Senior Director, Global Polyolefins and Plastics for IHS Chemical, noted that for polyethylene (PE), a 0.03 cent increase per pound is a "reasonable expectation under regional market conditions." He added that ethylene constraints in the first and second quarters of 2016 will ease and PE prices will drop by a nickel.
Published: November 10th, 2015
The commodity resin markets continued to transact at a fervent pace the week of November 2, reports the PlasticsExchange in its weekly update, noting that the heightened activity is somewhat uncharacteristic for the first week of a month. A high volume of material changed hands, with polyethylene (PE) moving more than polypropylene (PP), and while there were mixed signals, prices averaged out about steady. As the calendar turned to November, producers were again very quick to postpone the $0.05/lb PE price increase, which was initially nominated for October.
Published: November 3rd, 2015
The commodity resin markets finished the month with a bang—transactional volumes were high and spot prices for both polyethylene (PE) and polypropylene (PP) slid a cent across the board, reports the PlasticsExchange in its Market Update for the week of Oct. 30. After seeing a reduced flow of material in the previous week, PE availability improved again. Although spot PP railcar offers are still few and far between, Houston availability is growing and pockets of supply are appearing around the country.
Published: October 27th, 2015
The spot resin market got off to a slow start the week of Oct. 19, but momentum picked up as the week wore on, reports the Plastics Exchange. By Friday, Oct. 23, good demand coupled with thinner supply had pushed most polyethylene (PE) and polypropylene (PP) grades up by $0.01/lb. The flow of offers was less than the previous four to five weeks, but most PE commodity grades are still available in both bulk railcars and packaged truckloads.
Published: October 6th, 2015
The resin markets continued to transact at an elevated pace, with the second half of September more than making up for a slow start to the month, writes the PlasticsExchange in its weekly Market Update. Transactional volume continued to be greatly slanted towards polyethylene (PE), where supplies are plentiful and prices are under pressure. The flow of PE offers was high again the week of Sept. 28, and prices slid a cent across the board. Polypropylene (PP) prices held steady and offers were limited, but material could be found against buyer requests.
Published: September 29th, 2015
Commodity resin trading remained relatively swift the week of September 21, reports the PlasticsExchange in its Market Update. While there was some movement among grades, average pricing for both polyethylene (PE) and polypropylene (PP) was steady. A healthy flow of fresh offers, both domestic railcars and packaged truckloads, continued to hit the spot market. Processors, many of whom have been running their inventories down, were more willing to place orders. PE contracts dropped $0.04/lb in September, bringing the two-month relief to $0.09/lb.
Published: September 22nd, 2015
Commodity resin market activity improved, transactional volumes rose and prices were mixed amid short-term volatility for the week ending September 18, reports the PlasticsExchange in its weekly Market Update.
High-density polyethylene prices ended lower, with plentiful injection grades taking the largest $0.02/lb hit. Low-density polyethylene and high-molecular weight film grades each lost a penny relative to moderately scarcer linear low-density polyethylene, which held steady.
Published: September 16th, 2015
The spot resin markets were slower than average during the holiday-shortened week of Sept. 7, notes the PlasticsExchange in its weekly market update. Both polyethylene (PE) and polypropylene (PP) prices held steady, on average, although analysts noticed some firmness starting to enter the market. Activity improved as the week wore on, and many of the lowest priced PE offers were snapped up. Early in the month, several producers quickly nominated to decrease PE prices by $0.04/lb, which would bring the two-month relief to $0.09/lb.