TPE resin prices, July 23-27: PE up $0.01/lb; PP rises slightly by $0.005; Processors stock up ahead of proposed August increases


Polyethylene added another penny and has risen steadily throughout July, now up $0.04/lb, while polypropylene edged up a half-cent and broke into positive territory after starting the month on a weak tone. Plastics spot-trading platform, The Plastics Exchange (TPE), said producers pushed back against an early call for a follow-through price decrease in July, instead holding PE contracts steady. PE producers are looking to leverage recent market momentum into August in a bid to enable some or all of their $0.05/lb price increase. August PP contracts will follow polymer grade propylene (PGP), which is currently trading at a slight discount to July contracts...
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