TPE resin prices Sept. 26-30: PE, PP down $0.01/lb; Contracts roll over flat for second month in a row

10/06/2011

Market overview: Abundant resin offers and falling prices marked the last week of the 3rd quarter, as a negative sentiment gripped the markets, sending energy, feedstock and plastics prices lower.

Generic Prime polyethylene (PE) and polypropylene (PP) were readily available and average prices for each slipped another penny, while widespec and high volume buyers saw special spot opportunities, according to spot-trading platform, The Plastics Exchange (TPE). The continued worries over the global economy have strengthened the dollar, limiting the export outlet into what TPE describes as already weakening international resin markets. Average PE and PP resin contracts rolled flat for the second month in a row, contracts are called lower for October.
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