The Week in Chemistry: US spot PE resin prices for week ended July 14 down US$0.01/lb, PP prices flat; ethylene prices seen rising modestly into 2024, spot polymer-grade propylene in July averages about a half cent lower

Sample article from our Chemicals Industry

LOS ANGELES , July 21, 2023 () –


US Resins

US commodity resin market activity picked up during the week ended on July 14 as processors made purchases based on current need as well as additional inventories.

PE resin grades lost about US$0.01/lb, resulting in spot levels down by about US$0.05/lb so far in 2023. 

Meanwhile, PE contracts have risen by a net US$0.03/lb for the year.

Production remains 3% higher than the trailing 12-month average, with slightly above-average domestic sales and record exports, according to figures released by the American Chemistry Council. 

PP spot prices were flat during the week ended July 14 amid lackluster trading, which resulted in below-average volumes.

Typical PP production sits at around 75% capacity, according to data released for June.

The primary source of this information is The Plastics Exchange.

US Olefins

US ethylene prices are seen rising modestly into 2024, based on delivery agreements that settled at US$0.18875/lb. 

Several transactions for August 2023 were seen at SU$0.17/lb. 

Meanwhile, July spot polymer-grade propylene averaged about a half cent lower at US$0.3225/lb., backed by the unreliable interest seen during the week ended July 14.

Polymer-grade propylene contracts in July settled at US$0.35/lb. 

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
Dan Rivard
Dan Rivard
- VP Market Development -

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.