
Resin Report: Price Erosion May Have Hit Bottom
The resin markets turned tepid the last full week of July, reports the PlasticsExchange in its Market Update. The flow of fresh railcar offers that had been slowing the past couple of weeks dried up to a mere trickle and asking prices came in a couple cents higher than recent levels. While demand was not gangbusters, a steady stream of orders came through, some for normal monthly quantities, some to…