Spot resin trading pushing prices higher; PE by $.01-.02/lb, and PP by a full $.02/lbSpot resin trading pushing prices higher; PE by $.01-.02/lb, and PP by a full $.02/lb

Commodity resin trading was very busy for the week of July 7-11, more than making up for the slow start to the month, according to The Plastics Exchange. Spot prices for both polyethylene and polypropylene rose amid a spate of cracker outages triggering Force Majeure declarations for both ethylene and polyethylene from certain plants. Although resin offers began to flow nicely early in the week, some were taken off the table while others remained available but at higher asking prices.