TPE resin prices, August 19-23: PE and PP steady; PE up $0.01-$0.02/lb, PP up $0.03-$0.04/lb for August

With buyers and suppliers were willing to deal on price, the spot resin markets continued to trade at an active pace as prices held steady. Spot-trading platform, The Plastics Exchange, reported that spot polyethylene remained $0.01-$0.02/lb higher during August, while spot polypropylene has rallied $0.03-$0.04/lb. TPE CEO Michael Greenberg noted that most PE producers seem to be conceding their $0.02/lb -$0.04/lb contract price increase efforts for August in favor of a fresh $0.05/lb increase initiative for September. PP resin and polymer grade propylene (PGP) contracts settled up $0.05/lb in August.

Energy markets were "mildly" mixed and the front-month futures contracts rolled over. October crude oil futures recovered a bit from mid-week lows, but still fell short for the week, settling Friday at $106.42/bbl, for a loss of $0.87/bbl. October natural gas futures put together back-to-back gains for the first time in a long time, tacking on another $0.128/mmBtu to finish the week at $3.521/mmBtu. The crude oil : natural gas ratio shrunk a little to 30:1. Spot ethane was fractionally higher to $0.245/gal ($0.103/lb)....

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