Select grades of polyethylene (PE) and polypropylene (PP) resins were challenging to source last week. Most low-density PE film grades have been outright scarce, commanding a healthy premium, especially for immediate availability.
Prices gained a cent and then gave it back as tensions subsided, but the proverbial bloom was off the rose, which highlighted the very real geopolitical risks that can affect our energy-derived resin markets.
Most commodity resin prices fell sharply during 2019, but the variance among grades also highlighted distinct differences in sub-markets. High-density polyethylene resins eroded $0.12 to 0.14/lb over the course of the year, while low-density film...
The spot markets remained relatively active the week before the holiday season, with polypropylene trading outshining polyethylene for a change, reports the PlasticsExchange (Chicago).