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Resin Pricing
PP contracts are down about $.25/lb
Plastics ProcessingPP contracts are down about $.25/lbPP contracts are down about $.25/lb
The spot resin markets slowed a bit while prices slid further during the week of January 19-23, according to The Plastics Exchange. A heavy flow of polyethylene offers continued to pelt the secondary market, however, fresh polypropylene offers were still spotty. Processors that required material after the year-end lull seemed to have had their fill through mid-month. Purchasing then dropped off this past week as buyers anticipated cheaper February contract prices, particularly PE, which could be coming around the bend.
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