TPE resin pricing, July 18-22: PE mixed; PP up $0.04/lb; contract prices slip, but spot material on the rise


Polyethylene processors fought off a $0.05/lb price increase and instead will see average contracts marked down $0.03-$.04/lb, depending on producer and product, while July polypropylene contracts are following polymer grade propylene (PGP) $0.04/lb lower. Spot-trading platform The Plastics Exchange (TPE) said that resin markets are in flux, however, and although July contract prices are falling, spot is strong and prices have already turned back higher. Much of the discount that had been prevalent in the spot market has been eliminated, as there was a pretty good flow of material last week and despite the higher prices, a relatively high number of transactions closed.
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