January resin prices: PE down $.04/lb and PP declined $.10/lbJanuary resin prices: PE down $.04/lb and PP declined $.10/lb
The spot resin markets found renewed interest into month-end and an above average volume of material, particularly PE, changed hands to finish off the month of January, according to The Plastics Exchange. Commodity resin prices were mixed; polyethylene was steady to mostly lower amid heavy offerings, while polypropylene stabilized and then managed a small gain at the end of the week.
February 3, 2015
. Commodity resin prices were mixed; polyethylene was steady to mostly lower amid heavy offerings, while polypropylene stabilized and then managed a small gain at the end of the week. While there could be some variance amongst participants, average PE contracts were down $.04/lb in January and PP contracts generally declined $.10/lb. Houston prices have been chasing export bids lower, with extra large concessions made to move swathes of material offshore.
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