TPE resin prices, May 14-18: PE down $0.02/lb; PP falls $0.04/lb; Falling prices seen through June

05/23/2012

Average polyethylene (PE) prices shed another $0.02/lb, while spot polypropylene (PP) prices dropped another $0.04/lb last week, as lower prices were welcomed by buyers filling in supply gaps from the inventory drawdown while awaiting this price relief. Spot-trading platform, The Plastics Exchange (TPE), noted that while there were many transactions, volumes remained small since the overall sentiment continues to be that the market will continue to ease. May PE contracts, although offered by producers down $0.04/lb, could ultimately settle with a larger discount. May PP contracts settled down $0.10/lb along with polymer grade propylene (PGP).
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