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Mixed bag for prices of the five major commodity resins at start of Q2

from Plastics Technology

In the first week of the second quarter, we saw a mixed trajectory for prices of the five major commodity resins, with PE, PVC and PET generally flat; PP dropping; and PS moving up. Although the key drivers vary to some degree, such as record high inventories for polyolefins and upward feedstock pricing for PS, we have a general expectation in the industry that the overall softness in demand through first quarter was coming to an end. more

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