Ida’s impact on production did not spur much additional buying for Polyethylene, though volumes were solid and domestic spot prices held steady. Spot PE prices gradually slid a few cents lower in August while contracts, which were flat in August, remain at record highs. Producers will seek their nickel increase again in Sept. Resin availability was much improved, but HD for Injection and Blow Mold were generally still in short supply and commande... [More]

Spot Polypropylene prices were stable as market participants assessed the impact to production and supplies in Ida’s aftermath. One resin producer shut production at its Louisiana PP unit ahead of Ida but was working towards a restart. Another PP supplier declared FM at its Louisiana facility after Ida passed, but there was no timetable provided for restart. A handful of large volume deals transacted as buyers secured their short / mid-term needs... [More]