Resin Price Report: Spot Prices Drop as Producers Struggle to Move Inventory
The dog days of summer are living up to their name in the commodity resin trading market, at least for sellers. Resin prices continued their downward trek the week of August 15, after taking a short-lived sabbatical just a week earlier. Additional industry data released this week reminded the market that long-supply/weak-demand fundamentals continue to weigh on the polyethylene (PE) and polypropylene (PP) markets, as do continued global economic concerns,…