Resin and Plastic Pricing News

Spot resin trading was solid, transactional volumes increased even though the flow of offers diminished. Polyethylene prices were steady to higher while spot Polypropylene finally began to ease, but just a tad. PE contracts should roll steady for the second month in a row, producers en masse have issued a $.05/lb price increase effective for May, looking to start reversing the $.16/lb of decreases seen from Nov-Feb. 

Polypropylene contracts are decreasing in April, but it will be something less than the $.06/lb decline in PGP monomer costs. Despite the continued strength in the US dollar, export demand for North American resins remains strong due to a number of international cracker and reactor outages creating a need for more material.

LLDPE PRICE MOVES "Polyethylene prices were steady to higher."

LLDPE MAY INCREASE "PE contracts should roll steady for the second month in a row,resin producers en masse have issued a $.05/lb price increase effective for May, looking to start reversing the $.16/lb of decreases seen from Nov-Feb."

PE EXPORTS STRONGER "Despite the continued strength in the US dollar, export demand for North American resins remains strong due to a number of international cracker and reactor outages creating a need for more material."

MARKET DYNAMICS I "Natural Gas futures bounced off nearly 3 year lows, recovering almost 5%, as June jumped $.121/mmBtu to $2.679/mmBtu."

RESIN DEMAND UP "Polyethylene trading continued to tick along at a rapid rate; the market is seeing both better demand and lighter supply."

LLDPE FINDS FLOOR "The PE market has a firm undertone and the lower end of the pricing spectrum has moved up in general."

Trade Reports April 2015