TPE resin pricing, Nov. 3-7: Price falls continue unabatedTPE resin pricing, Nov. 3-7: Price falls continue unabated
Poor demand and a disconnect between spot materials and their upstream monomer will likely push polyethylene (PE) prices lower, according to spot-trading platform, The Plastics Exchange (TPE; www.theplasticsexchange.com), and its reporting partner, The PetroChem Wire. Spot high-density PE grades traded in the mid $0.50’s/lb last week, but by Friday, TPE saw some transactions dip into the low $0.50’s/lb.
November 11, 2008
), and its reporting partner, The PetroChem Wire. Spot high-density PE grades traded in the mid $0.50’s/lb last week, but by Friday, TPE saw some transactions dip into the low $0.50’s/lb. Low-density film grades traded higher, reaching into the low $0.60’s/lb, while linear low-density PE film was seen in the high $0.50’s/lb. TPE reports that the HDPE blowmolding/ethylene spread reached roughly $0.35/lb, up from about $0.10 in June. In contracts, TPE reports that some participants have seen decreases in the $0.05-$0.10/lb range from October.
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