Blog
Market Update July 28
The spot resin markets remained fairly active, but completed volumes disappointed as Polyethylene demand has struggled to keep pace with rising prices and diminishing Polypropylene supplies challenged some sourcing efforts. Even so, our volumes this month have already...
Market Update July 14
Spot resin trading maintained its swift pace. Demand was very good and supply remained constrained, yet available. Prices continued to tick higher as all commodity Polyethylene and Polypropylene grades added another $.005/lb this week. Processors absorbed the June...
Market Update June 24
Although the flow of fresh offers diminished, spot resin trading still improved, as customer demand was better and buyers became more comfortable with the higher price level that has crept into the market. The overall spot market could no longer be characterized as...
Market Update June 10
The calendar flipped to June and the resin buying spree continued. It appears that our economy is making strong steps to put Covid behind us and a recovery is in full swing, notwithstanding the spate of protests and riots. The flow of offers remained reduced and...
Market Update June 4
The spot resin markets were very active as May came to a close, it was a stark change from the slow start to the month when many processors were shut down due to the pandemic. Domestic prices held steady this week with a firm undertone and offgrade prices snugged up a...
Market Report May 28
Spot resin trading felt a bit more like the good ole days, which actually weren’t too long ago, just seems so. The steady stream of buyer requests and sellers’ offers gave a nice rhythm to the market. Spot prices were firm to mostly higher and heavy volumes changed...
Shannon Industrial Corporation
2041 Dillard Ct.
Woodstock, IL 60098
(815) 337-2349