Weekly resin update: PE price increase postponed, againWeekly resin update: PE price increase postponed, again

The commodity resin markets continued to transact at a fervent pace the week of November 2, reports the PlasticsExchange in its weekly update, noting that the heightened activity is somewhat uncharacteristic for the first week of a month. A high volume of material changed hands, with polyethylene (PE) moving more than polypropylene (PP), and while there were mixed signals, prices averaged out about steady. As the calendar turned to November, producers were again very quick to postpone the $0.05/lb PE price increase, which was initially nominated for October. Now, they are looking at a December timeline. PP producers are looking to add to their successful campaign of margin expansion, seeking another moderate increase for November.