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  Past Reports
Weekly Market Update
Market Update
May 19, 2017


The spot resin market was nicely active this past week; order flow from both buyers and sellers was consistent and generated a high volume of completed transactions. Done deals were well spread amongst Polyethylene and Polypropylene grades, for both domestic and export (mostly PE) shipments. Spot PP prices had their first weekly uptick, since the end of February. Spot PE prices mostly held steady, but there was a pretty big surprise in the contract realm. PE exports to Europe have been good, aided by the weakening value of the US dollar. However, incremental sales to the Indian and Asian regions have been hampered by price disconnection, but sentiment in those regions seems to be improving, though there is still a price gap to recover before the arbitrage is deemed open.

The major energy products were mixed amid heightened volatility as July rolled to the front month. WTI Crude Oil recovered further; the July futures contract added another $2.50/bbl to settle Friday at $50.67/bbl, nearly $7/bbl above the 6 month lows - which were seen just two weeks ago. July Brent Oil jumped $2.77/bbl to $53.61/bbl. July Natural Gas futures gave back almost all of the previous week’s gains, dropping $.145/mmBtu to end the week at $3.353/mmBtu. Ethane saw little change and remained near $.26/gal ($.11/lb). Propane was up $.02/gal to $.645/gal ($.182/lb).

The Ethylene market again experienced reduced activity compared to the previous weeks/months. Spot prices eased another cent or so to $.29/lb with a relatively low volume of material visibly changing hands. Spot Propylene was equally quiet, there was little impetus for price movement and participants’ interest remained at levels just on either side of $.35/lb. May PGP contracts settled earlier in the month at $.385/lb, which represented a $.075/lb decline and a 2-month decrease of $.135/lb, wiping away a large chunk of the first quarter’s $.205/lb rise.

Total Offers 14,303,020 lbs Spot Contract
ResinTotal lbsLowHighBidOffer
PP Homo2,732,140$.480$.555$.475$.515
HDPE - Blow Mold2,479,588$.480$.555$.480$.520
LLDPE - Film2,003,036$.520$.595$.520$.560
LDPE - Film1,890,668$.555$.640$.580$.620
PP Copo1,740,460$.500$.590$.505$.545
HMWPE - Film1,526,392$.520$.580$.515$.555
LLDPE - Inj890,184$.580$.640$.560$.600
LDPE - Inj734,000$.580$.625$.570$.610
HDPE - Inj306,552$.590$.670$.565$.605
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