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PP Contracts are Down about $.25/lb

from Plastics Today

The spot resin markets slowed a bit while prices slid further during the week of Jan. 19-23, according to The Plastics Exchange. A heavy flow of polyethylene offers continued to pelt the secondary market, however, fresh polypropylene offers were still spotty. Processors that required material after the year-end lull seemed to have had their fill through mid-month. Purchasing then dropped off recently as buyers anticipated cheaper February contract prices, particularly PE, which could be coming around the bend. Houston prices are still eroding, as export offers drop to meet international levels and spur demand. more

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