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Spot prices for commodity-grade PE reach decade-long lows

from Plastics Today

Spot resin trading continued to transact at a very swift pace last week: Buyers and sellers came to do business and both sides were willing to bend a bit to complete deals, reports the PlasticsExchange (Chicago) in its Market Update. Prices for nearly all polyethylene (PE) and polypropylene (PP) grades slid a cent, with very sharp pricing again seen for off-grade materials. Spot domestic demand remained strong and, despite trade wars and geopolitical uncertainty, July PE exports scored a new all-time record high. more

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