Plastics Market Update (Nov. 7, 2017)
Nov. 7, 2017
According to the most recent data from ThePlasticsExchange.com, resin prices have mostly recovered from the high premiums that we saw after Hurricane Harvey as normal operations resume along the Gulf Coast.
Most PE and PP grades dropped by $0.01 or more this week, with larger declines seen in HDPE Injection grades.
Ethylene markets decreased by about $0.02/lb due to the continued flow of PE imports and excess availability of material.
Polypropylene markets saw several good surges of activity, though trade was often inconsistent. PP prices remain elevated, but overall gave back the penny gained in the previous week.
Prime supplies have generally remained tight and prices were mostly firm, while offgrade material has experienced wide availability which led to prices wavering. We are seeing some sharp discounts for offgrade material.