As feedstock and energy prices drop, lower global resin prices, along with good-to-ample domestic supplies of PE, PS. and PVC, have resulted in downward pressure on prices of these three commodities. The exception is PP, which continues to be in strong demand and in continuing tight supply. Prices for PP have been "firmly stable," as suppliers have dealt with falling feedstock prices by issuing so-called "profit-margin" increases, similar to the scenario for PE in the last few years. These are some of the views of purchasing consultants at Resin Technology, Inc. (RTi), Fort Worth, Texas (rtiglobal.com), and CEO Michael Greenberg of Chicago-based The Plastics Exchange (theplasticsexchange.com).
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