TPE resin prices, March 19-23; PE slips $0.01/lb, PP falls $0.04/lb


Spot resin prices were lower last week amidst very good trading activity, according to spot-trading platform, The Plastics Exchange (TPE). March polypropylene (PP) contracts were up $0.05/lb bringing the 2-month total to $0.215/lb, with the price hikes described as being strictly cost-push while demand has wavered. After securing half the $0.06/lb price increase in February, polyethylene (PE) producers have mostly sought to implement the balance of the increase in March. National resellers, and Houston-based traders dealing with a challenging export market, have ample inventory and continue to provide good liquidity to satisfy processors' spot needs, according to TPE.
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