Polyethylene remained the more dominant resin transacting across our platform. Our Prime prices held firm, while the low-end of the market continued to rise. As we have previously pointed out, spot prices eroded much faster than contracts, so contract decreases could still be easily justified. Buyer interest was primarily seen for Injection grades, with good demand for each HDPE, LDPE, and LLDPE against relatively scant spot supplies vs film grad... [More]

Polypropylene trading lacked luster as weak demand continued for various reasons such as the slowing global economy, near-term economic uncertainty, ongoing overproduction of resin, and buyers flexing their negotiating strength. HoPP peeled off a nickel, and CoPP dropped even further, by a full $.08/lb, putting prices at their lowest level since Dec 2020. The spread between both grades also dropped down to $0.07/lb from a dime, which had been in ... [More]