Resin Pricing

Heavy demand from both processors and resellers came up against insufficient supplies last week caused by lingering production disruptions. 

Widespread damage and ongoing Louisiana power outages in the wake of Hurricane Laura kept some polyethylene and polypropylene producing plants from restarting. The production shortfall has become more evident and the supply/demand imbalance more...

Prices for both PE and PP resins were already on the rise before Hurricane Laura and then jumped in chunks over the past several weeks. Meanwhile, more storms are forming in the Atlantic, with at least one targeting the Gulf Coast.

Force majeure declarations in the wake of Hurricane Laura and a compromised regional rail system limit resin supplies and send prices higher.

Tighter supply/demand conditions and upward market momentum will lend support to producers’ efforts to implement yet another $0.05/lb price increase for domestic August PE contracts, reports the PlasticsExchange.

A series of turnarounds, outages, and delays coupled with thinning upstream inventories resulting from massive exports has placed the polyethylene (PE) supply/demand balance in a tight situation. Meanwhile, polypropylene inventories are at...

Polyethylene (PE) demand struggled to keep pace with rising prices last week and diminishing polypropylene supplies challenged some sourcing efforts, reports the PlasticsExchange in its Market Update.