The spot Polyethylene market surprisingly struggled this past week – resin availability was thin, buyers resisted further price advancement and consequently our completed volumes were good, but not great. Louisiana power outages persisted and considerable resin production disruptions remained as did Force Majeure supply conditions, so there were very few fresh railcars made available to the spot market. Resellers provided adequate liquidity acros... [More]

Polypropylene trading was very strong and generated our largest volume week of 2020. We continued to receive heavy processor demand as already snug upstream resin supplies were exacerbated by storm related Force Majeure conditions, limiting even contracted resin deliveries, which sent buyers scrambling to find material to process. Our resin availability actually improved a tad during the week as our trading desk focused fragmented supply into an ... [More]