CDI (Chem Data report) showing a $0.03/lbs drop in Plastic resin for November.



CDI (Chem Data report) showing a $0.03/lbs drop in Plastic resin for November.

"resin market was surprisingly busy this past week"

"Prices for both Polyethylene and Polypropylene were decisively lower, even before the world energy markets got rocked"

"Resin processors received pricing relief in November;"

"PE dropped $.03/lb. There is a strong likelihood to see further declines in December."

"Ethylene market grinded lower in moderate trading."

"With world Naphtha costs collapsing, European and Asian Ethylene prices are now essentially on par with the US"

"The Polyethylene market was very busy and prices fell sharply"

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