The Polyethylene market began the month with a fair amount of uncertainty. March contracts were up $.05/lb and there is another $.04/lb increase on the table for April; however, we saw a large volume of discounted material available the previous week, which was also quarter-end.
Trading partners weighed the aggressive late-month offerings against the possibility of additional price advancement as
producers look to leverage the existing upward momentum to implement back-to-back increases.
Current expectations range from flat to up $.02/lb or even all $.04/lb, with no serious thoughts towards a contract price decrease in April.
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