Resin Pricing

Polypropylene demand was good and prices held firm, while polyethylene prices stayed flat to lower last week, reports the PlasticsExchange.

Mexico and Canada remain the US plastics industry’s largest export markets. Although the US plastics industry had a $13.7 billion deficit with China, resin exports recorded a $2.5 billion trade surplus.

Demand was tepid last week: Buyers in need of material have reduced their volumes in hopes that prices will continue to slide as the end of the year approaches.

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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.