Spot Polyethylene prices jumped about $.04/lb last week as rocketing monomer costs point to higher contract resin prices in February. What is that old adage? If you do not like the fundamentals affecting the market, stick around because something will surely change. Well indeed, this week the Polyethylene drivers did shift. Just as the cooling export market left the spotlight, monomer outages and resulting runaway Ethylene prices grabbed the ... [More]

Spot Polypropylene prices continued their upward trek, pressing another $.02/lb higher last week. With monomer costs still rallying, and producers fairly certain that resin contracts would increase again in February, there were few fresh PP offers shown to the market. That resin which was made available was quickly sold with savvy buyers seeking to get ahead of the next price hike.

Polypropylene producers successfully passed along onto... [More]