Deep discounts and great opportunities are available for buyers of polyethylene (PE) resin.

The resin markets and industry breathed a collective sigh of relief as Tropical Storm Barry came and went without causing any significant disruptions. It did, however, leave a trail of heightened trading activity and, to the delight of resin buyers, lower prices.

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.