TPE North American resin pricing, Aug. 23-27: PE, PP climb; PP up $0.11/lb from June lows
from Plastics Today
Spot market activity in resin picked up once again after a couple weeks of relative inactivity. Spot-trading platform, The Plastics Exchange (TPE), noted that while demand was good, many potential deals stalled when asking prices rose quickly in support of September price-increase initiatives. Average polyethylene (PE) prices were steady to $0.02/lb higher, with a variance seen amongst grades. For the second week running, polypropylene (PP) added $0.01/lb. Spot monomer markets were active, as ethylene gave back almost half of the previous week's gains, while spot propylene continued to trade at its recently high price levels.
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