Spot Polyethylene prices were mostly steady to a penny higher to start the month, after adding about $.04/lb the last week of January, when spot market activity indicated that contract Polyethylene prices would again rise in February. Although it was the export market that helped drive PE prices to this level, tight resin supplies and particularly high monomer costs have taken over as the current market driver. After successfully implementing a... [More]

This is not a broken record…spot Polypropylene prices jumped another $.02/lb last week on the heals of higher monomer costs. While spot RGP monomer prices have stabilized in the mid-$.50s/lb, the hugely influential PGP contract price just settled for February up $.065/lb to $.635/lb. Polypropylene producers now have a minimum target to shoot for while negotiating February resin contracts, although in addition to simply passing through monomer c... [More]