The Week in Chemistry: US spot PE prices up US$0.03/lb since mid-December, PP January contracts up US$0.03/lb.; ethylene deals for Q2 trade at US$0.195/lb., propylene February deals seen at US$0.50/lb.

Sample article from our Chemicals Industry

LOS ANGELES , February 9, 2024 () –


US Resins, Week Ended Feb. 2

Spot resin trading in January yielded solid results, showing improvement compared to January 2023, according to The Plastics Exchange market update.

Spot PE trading gained momentum by the end of January, resulting in higher asking prices at the start of February.

The PE market also saw healthy demand out of Latin America, where buyers are seeking alternative sources due to supply chain disruptions from the Middle East and Asia.

Spot prime PE prices are up by about US$0.03/lb. since mid-December and are holding their upward momentum.

PP trading during the week ended on Feb. 2 continued at a brisk pace amid strong demand, allowing prices to recover from a decrease of US$0.015/lb a week earlier.

January contracts followed polymer-grade propylene US$0.03/lb higher, with producers seeking an increase of US$0.04/lb. for February.

The primary source of this information is The Plastics Exchange.

US Ethylene, Week Ended Feb. 2

Ethylene trading during the week ended on Feb. 2 ran at a healthy level, though slightly more subdued than in previous weeks, according to The Plastics Exchange market update.

Ethylene deals for Q2 traded on Monday at US$0.195/lb.

The primary source of this information is The Plastics Exchange.

US Propylene, Week Ended Feb. 2

Propylene prices started the week of Jan. 29 higher amid complications at propane dehydrogenation units.

January polymer-grade propylene deals were seen on Friday at US$0.50/lb, an increase of about a cent and a half from the previous Friday. 

February deals were also seen at US$0.50/lb, in line with the spot weighted average for the week.

The primary source of this information is The Plastics Exchange.


* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.

See our dashboard in action - schedule an demo
Jason Irving
Jason Irving
- SVP Enterprise Solutions -

We offer built-to-order chemicals industry coverage for our clients. Contact us for a free consultation.

About Us

We deliver market news & information relevant to your business.

We monitor all your market drivers.

We aggregate, curate, filter and map your specific needs.

We deliver the right information to the right person at the right time.

Our Contacts

1990 S Bundy Dr. Suite #380,
Los Angeles, CA 90025

+1 (310) 553 0008

About Cookies On This Site

We collect data, including through use of cookies and similar technology ("cookies") that enchance the online experience. By clicking "I agree", you agree to our cookies, agree to bound by our Terms of Use, and acknowledge our Privacy Policy. For more information on our data practices and how to exercise your privacy rights, please see our Privacy Policy.