Market Update June 4

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 6

Market Report May 6

Spot resin trading was mixed. Polyethylene business improved but was offset by slower Polypropylene sales. Overall spot prices ended mostly steady, though there was deep producer discounting along the way to help improve month-end sales; it remains to be seen if...
Shannon Industrial March 24 Market Update

Shannon Industrial March 24 Market Update

 Our best hopes are that we, as humanity, join together to overcome the Coronavirus and the associated adversity that is ripping through societies worldwide. Please be safe and kind to others, these are trying times for all, and for some, much more than others. The...
Shannon Industrial March 18 Market Report

Shannon Industrial March 18 Market Report

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

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

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...