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).

Demand was strongest during the first half of the month, as processors flocked to the spot market to avoid paying higher contract prices inflated by the September polyethylene (PE) $0.03/lb increase.

The $0.03/lb September increase seems to be firmly intact, while the $0.04/lb hike for October remains doubtful, barring any market-shaking news.

The PlasticsExchange (Chicago) expects heightened interest in spot resin to persist as long as the deeply discounted material remains available.