Spot prices for most Polyethylene grades slid another $.02/lb; the market is now down $.08/lb over the past 6 weeks. Falling energy and feedstock costs have contributed to the negative sentiment gripping the market. Producers have offered to drop May contracts by $.04/lb and in the meantime have been generally willing to meet lower-priced competitive situations with downgraded prime material. Domestic purchasing is very sluggish as processors wor... [More]

Spot Polypropylene prices tumbled $.04/lb as some of the market-leading whisper prices have become more widespread. May PP contracts settled down $.10/lb, which priced Branded Prime PP Homopolymer in the mid-high $.70s/lb, but with plenty of Generic Prime resin available in the spot market in the high $.60s/lb to low $.70/lb, there is no surprise that contract orders are falling far short of those forecasted. Still, demand for Gen Prime is not ro... [More]