The spot polypropylene (PP) market does not feel extremely tight and most materials can be found, especially at the right price. However, upstream PP inventories are actually the lowest since we began keeping records almost 15 years ago, reports the PlasticsExchange (Chicago).

Polyethylene and polypropylene prices both remained pressured and ceded $0.005 to 0.01/lb last week.

Quickly shifting market dynamics, including sharply lower energy and feedstock costs, falling international prices and trade uncertainty, have caused a slight decline in resin prices.

Contract increases are intact for both polyethylene (PE) and polypropylene (PP), and ample resin supplies are available; current spot resin offers present very good value compared to contracts.