Resin prices on the move Down - Quick Pak Inc

Spot resin offers were heavy and prices continued to drop as the second quarter came to a close. For the second week in a row, spot Polyethylene prices fell $.01-.03/lb depending on grade and Polypropylene shed another $.02/lb. Decreases were seen for commodity resin contracts in June; Polyethylene was mostly $.02 - .04/lb lower, although some buyers were pushing for a larger decrease. Polypropylene contracts fell $.15/lb commensurate with the change in June PGP contracts.

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