Spot resin trading volumes eased back last week from the frantic pace seen during most of February, but the total tally was still above average, reports the PlasticsExchange (Chicago) in its weekly Market Update. Buyers continued to scoop up favorable polyethylene (PE) offers, while polypropylene (PP) processors only picked away as needed.
PVC prices up, PP down in February
North American selling prices for PVC and polypropylene resins went in different directions in February, with PVC moving up an average of 2 cents per pound and PP decreasing an average of 1.5 cents.