Resin Price Report: PE Holds Steady, PP Pricing Softens
The spot resin markets were very busy last week, reports the PlasticsExchange in its Market Update, with transactions favoring bulk railcars. Polyethylene (PE) prices held steady and remain up an average of two cents so far in January. Polypropylene (PP) prices gave back half of their earlier January gains, as monomer prices eased a bit, but they are still up $0.015/lb for the month. The flat-to-down pricing came after a…