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Shannon Industrial March 18 Market Report

Shannon Industrial March 18 Market Report

by | Mar 18, 2020 | Market Update

First and foremost, we express our sympathies and best wishes for those directly afflicted or affected by the Coronavirus. We hope it will be contained and eradicated quickly to stop the suffering, quell the fears and limit the heavy toll on society. The spot resin...
Shannon Industrial Market Report 3-10

Shannon Industrial Market Report 3-10

by | Mar 10, 2020 | Market Update

Spot resin trading could best be characterized as cautious as the calendar flipped to March – it took a strong Friday to bring the week’s completed volume up to a satisfying figure. While there was a good flow of buyer inquiries, processors were a bit shy to...
Shannon Industrial’s March Market Report

Shannon Industrial’s March Market Report

by | Mar 3, 2020 | Market Update

The resin markets were challenged this past week, pushed and pulled by opposite supply / demand forces which set a very nervous tone. Market participants took a big step back as another wave of the Coronavirus news shocked the stock market with fears it might trigger...
Shannon Industrial’s February Market Update

Shannon Industrial’s February Market Update

by | Feb 25, 2020 | Market Update

Spot resin trading was very good, though completed volumes were a tad light; however, considering President’s Day on Monday, we were still right on target for a 4 day week. The flow of offers was sporadic, with some grades scarce, and supplier asking prices for most...
Shannon Industrial Market Update

Shannon Industrial Market Update

by | Feb 18, 2020 | Market Update

Supply improved and railcars came and went in groups, as buyers were eager to procure material. This week’s sales favored railcars over truckloads and prime more so than off grade and buyers still sought more as the week came to a close. Export demand was excellent,...