Resin pricing in April 2013

Spot resin trading was fairly active the first week of April. Fresh railcar offers were slow to flow but the pace picked up as the week wore on. National resellers and Houston traders, sensing lower prices ahead, provided good market liquidity from their warehoused stocks. Despite another $.04/lb price increase on the tables for April contracts, the spot PE market began the month by shaving a half-cent from March month-end levels. Spot Generic Prime PP prices held steady this past week, although offgrade remained pressured. The Polypropylene market awaits settlement on the decrease for April contracts, which are currently nominated down $.07/lb.