TPE resin prices, August 13-17: PE up $0.01/lb; PP rises $0.005/lb; PP decouples from propylene in market shift

08/22/2012

Polyethylene (PE) moved as much as a penny higher and polypropylene (PP) gained a half-cent, as the spot commodity resin markets continued to strengthen. Spot-trading platform, The Plastics Exchange (TPE), reported that spot resin offers continued to flow at a below average pace. Generic prime railcars were limited thanks to reduced upstream inventories and good exports, particularly for PE. August resin contracts are moving in opposite directions, with PE producers set to implement an increase of either $0.03-$0.05/lb, while PP producers will pass along $0.015/lb of relief to their contract buyers.
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