Resing Pricing News

The spot Polyethylene market was steady to lower; both buyers and sellers were distinctly absent from the party during the first half of March, but began to appear as mid-month approached. Downstream demand seems to be faltering and producers have been playing coy as they try to fully secure the $.04/lb increase partially implemented in Feb. A sense of confusion remained price-wise and processors, frustrated by the inconsistencies, have withheld orders from some suppliers seeking more competitive offers elsewhere. The market should even out in March, Generic Prime railcars of most grades are now priced to reflect the current $.04/lb increase, which would bring the 2013 total to $.09/lb – but the increase is still not fully secured.