Most commodity resin prices fell sharply during 2019, but the variance among grades also highlighted distinct differences in sub-markets. High-density polyethylene resins eroded $0.12 to 0.14/lb over the course of the year, while low-density film only shed a single cent.

Processors were good buyers, some procuring resin for usage through the end of the year, while others secured material for the first part of January, which is historically a tightly supplied period.

Heading into December, the PlasticsExchange (Chicago) expects to see more inventory shedding and some end-of-year steals for buyers.

All polyethylene (PE) commodity grades slid another cent last week, except for weak linear-low-density PE film, which dropped a deuce. Even those materials that were not abundant continued to be pulled lower by the overall momentum, reports the PlasticsExchange (Chicago).