This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726. Plastics processors hit the pause button last week, following a burst of aggressive buying, but overall completed volumes in resin trading still tallied above average, reports the PlasticsExchange (Chicago) in its Market Update. Fresh offerings for both polyethylene (PE) and polypropylene (PP) were a bit heavier and prices for most grades shed a cent. With contract increases intact for both PE (April) and PP (May) and ample resin supplies available, there was little need to chase material, though current spot resin offers present very good value compared to contracts. International PE prices and demand were both softer, but large volumes are still shipping offshore. Spot PE trading maintained a busy pace, with heavy volumes transacting ahead of the three-day weekend. The recent breakneck pace continued until Friday, when activity chilled and participants took early leave for the holiday. With contracts marking $0.03/lb higher since April, PE buyers ha...