Resin Pricing

Polypropylene resins tacked on another three cents in the spot resin market, while polyethylene prices rose $0.01 to 0.03/lb, depending on grade.

Processors flocked to the spot resin market seeking material last week, but demand outstripped supply, causing prices to spike.

By the end of last week, polypropylene prices had jumped a huge $0.05/lb, while polyethylene tacked on $0.01 to 0.02/lb.

If good deals show up in the first half of December, the PlasticsExchange recommends taking them, rather than banking on deeper end-of-year discounts.

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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