LOS ANGELES
,
September 8, 2023
(Industry Intelligence Inc.)
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US Resins: Week ended Sept. 1 U.S. spot resin trading slowed as August drew to an end and Labor day weekend approached, according to the Plastics Exchange market update. Both PE and PP contracts have been proposed at increases for September as pricing power again shifts back to sellers. Spot pricing for both PE and PP held steady during the final week of August. PE exports new make up nearly 50% of producer sales. PP exports account for just 5% of sales, but exports are likely to increase over time. The primary source of this information is The Plastics Exchange. US Olefins: Week ended Sept. 1 The final week of August saw slow trading for polymer-grade propylene. According to the Plastics Exchange market update. The weighted spot average for August PGP fell slightly below US$0.315/lb. Spot ethylene at the end of the week held a modest increase at US$0.18375/lb. Rising crude prices have boosted ethylene and propylene prices in Asia. The primary source of this information is The Plastics Exchange. North America Chemical Rail Traffic North American chemical rail traffic for the week ended Sept. 2 increased 7.4% year-over-year to 47,935 loadings, according to data from the Assn. of American Railroads. Year-to-date chemical rail traffic fell 1.9% year-over-year to 1,586,547 loadings. In the U.S., traffic fell 3.3% to 1,090,574 loadings. The primary source of this information is MRC.
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