Resin pricing: PE prices jumped a nickel and PP sprinted $.06/lb higher in JulyResin pricing: PE prices jumped a nickel and PP sprinted $.06/lb higher in July

Spot resin trading remained robust, capping off a very busy July, according to The Plastics Exchange. Prices for both polyethylene and polypropylene continued to march higher, building on an already strong month of gains. Although there was a small flurry of railcar offers, they were mostly made available from resellers that already committed to the resin and had held out shipping disposition to maximize margins in this rising market. Resellers' uncommitted resin stocks are dwindling in Houston and around the country; asking prices for available materials are continually marked higher and higher.