Average spot Polyethylene prices shed $.02/lb, which brings the rolling 30-day loss to $.06/lb. The break comes amid ample material availability, quickly falling monomer prices and lower contract prices. Despite tight feedstock supplies and high spot costs, producers ran reactors above 90% in April, which proved way too much considering the lowest domestic demand in 2 years and while exports are the worst since Jan 2009. Producers’ collective Pol... [More]

The Polypropylene market continued to unravel; spot prices fell another 2 cents, bringing the trailing 30-day loss to $.07/lb. The spot PP market briefly peaked in the low $.80s/lb during early March, never reaching the lofty heights of the high $.80s/lb seen for March and April contracts. Once processors felt that the market had peaked a general effort to reduce inventories ensued and contract orders consistently fell short of those forecasted, ... [More]