More price drops for North American polyethylene are explained in this week’s Material Insights video. Prices for high and linear low density PE are down 8 cents since June 1: down 6 cents in June and down 2 cents in July. Prices for LDPE fell 4 cents in June but are expected to be flat for July.
The drops have been caused by mediocre demand and a drop in demand from export markets, according to buyers contacted by Plastics News. North American HDPE and LLDPE prices now have fallen an average of 14 cents per pound since May 1, after climbing an average of 18 cents in the first quarter of 2010.
This week’s video also covers a pair of moves by compounder Teknor Apex. The Pawtucket, R.I.-based firm is installing a new 30 million-pound-capacity extrusion line...