Resin Pricing

As winter storms and record cold threaten to grip much of the United States, buyers are advised to plan resin needs accordingly, as logistics delays are expected, reports the PlasticsExchange (Chicago).

Nominated $0.06/lb price increase for January contracts deemed unlikely to succeed by PlasticsExchange (Chicago).

Polyethylene producers doubled up fourth quarter relief to now $0.06/lb. But before you go out and splurge on this holiday bonus, know that they have nominated a $0.06/lb price increase effective with January contracts.

Resin prices have been on a special discount and some buyers, knowing that holiday sales do not last forever, began to procure larger sized orders preparing for January needs.

The beginning of the month brought the slowest resin trading week of the year.

Polyethylene and polypropylene spot pricing remained weak, with losses averaging $0.01 to 0.02/lb, and contract decreases were confirmed for November.

Spot prices have been falling and developed a large discount to contracts. Polypropylene contracts should average down $0.10/lb this month, commensurate with a drop in PGP contracts, according to the PlasticsExchange (Chicago).

Resellers are securing spot truckloads instead of full railcars as customers anticipate cheaper resin ahead. Likewise, processors are opting to work off material on hand. These savvy buyers seem to be positioning for special buying opportunities...

Nearly all grades of polyethylene (PE) and polypropylene (PP) lost ground, typically between $0.01 and 0.02/lb, reports the PlasticsExchange (Chicago) in its Market Update.

Fewer fresh railcar offers helped earn commodity polyethylene (PE) grades a penny gain. Polypropylene (PP) offers continued to flow and spot values fell a hefty $0.03/lb.