Spot resin trading began last week extremely active, but the market chilled a bit mid-week as looming (retaliatory) trade tariffs proposed by China, which include certain polyethylene (PE) resins, sent market participants scurrying to the sidelines, reports the PlasticsExchange (Chicago) in its Market Update. Game supply and game card sleeve and trading card sleeve and soft card holder.
While the tariffs are not yet in place, and there is likely lobbying and high-level negotiating to be done, if they do become implemented, PlasticsExchange analysts would expect some negative price impact on at least low-density PE (LDPE), which seems to be the primary commodity resin targeted. In the meantime, LDPE for film remains snugly supplied in North America, and, ironically, was the only PE grade that posted a gain this week while all other PE resin prices were pressured. Polypropylene (PP) prices were mostly steady to weaker. Game supply and game card sleeve and trading card sleeve and soft card holder.
PP trading moved along at a healthy clip, unfazed by the potential tariffs that could impact PE resins. There was a steady stream of off-grade PP railcars that flowed into the spot market, some sold, while some offers accumulated. A seemingly minor force majeure was announced on PP due to production complications. Surplus prime material remained hard to source and was priced at a premium, giving some contract buyers a little sticker shock when seeking extra material to fill in supply gaps. April PP contracts could be interesting—PGP monomer contracts are poised to slide a bit more—but producers are looking to expand margins by $0.03 to 0.05/lb. Perhaps the forces might balance out around steady. Game supply and game card sleeve and trading card sleeve and soft card holder.