The Plastics Exchange - 'Spot resin trading improved, but monthly transactional volumes still lagged below historical averages. Market sentiment remains skewed towards negative and processors have generally been limiting purchases to minimal levels expecting lower prices ahead. While overall prices for both Polyethylene and Polypropylene were soft, particularly offgrade, Generic Prime mostly held steady this week.' 
​See full update here.

 WASHINGTON (June 7 , 2016) – The American Chemistry Council (ACC) issued the following statement in response to an announcement by Royal Dutch Shell that Shell Chemical Appalachia LLC has taken the final investment decision to build a major petrochemical complex, comprising an ethylene cracker with polyethylene derivatives unit, near Pittsburgh, Pennsylvania.   See full ACC article here.

The Plastics Exchange states that 'Polyethylene and Polypropylene supplies continued to build and spot prices slid further' in the past week.  See update here.

Forbes Article gives advice on customer retention - 'As the old verse goes, “Make new friends, but keep the old. One is silver, the other gold.” Similarly, a long-term customer is of more value than a single-deal customer, and it’s a lot less expensive to keep a current customer than to acquire a new one. This is not to say that we shouldn’t go out and get new customers, but if we can keep a larger percentage of those customers for a longer life cycle, we build on a revenue foundation that is more profitable and predictable; two factors that have created tremendous wealth for entrepreneurs.'  See full article here.

Per the Plastics Exchange PE resin pricing is holding steady although pressure from processors to get back  some of the recent gains continues to mount based on new capacity expectations and slowing demand.  PP resin continues to move downward with plenty of supply and limited demand for exports.  See update here.