PE, PP resin prices inch lower


Spot resin continued to change hands at a quick pace, while prices for both polyethylene (PE) and polypropylene (PP) moved about a penny lower, writes the Plastics Exchange in its weekly report on resin prices.

PE contracts were up $0.05/lb in May and will hold steady in June, predict Plastics Exchange analysts. Producers have been lifting prices for domestic PE railcars ahead of the $0.05/lb increases nominated for July; however, softer export markets and plenty of material availability are currently applying pressure to the overall market.
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