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Downstream polyethylene (PE) inventories remain below average, reports the PlasticsExchange (Chicago), leading some processors to anticipate a rise in resin supply and subsequent price decrease. Others, however, view the current price structure as...
High-density and linear-low-density polyethylene (PE) film resins added a half-cent, while low-density PE for both film and injection and linear-low-density PE for injection were all up a full penny last week.
The polypropylene (PP) supply/demand dynamic is tight enough that any further production issues could trigger rising resin prices, especially considering the bullish monomer curve, according to the PlasticsExchange (Chicago).
After several months of relaxed buying, domestic demand improved in March and has continued into April. More opportunity is seen for rising prices rather than further weakness from a seller perspective.