AKRON, OHIO (June 28, 2:50 p.m. ET) — Since June 1, average prices for all grades of polyethylene in the region have fallen 7 cents per pound, while average polypropylene prices have plummeted 15 cents per pound. In that same time frame, average prices for suspension PVC and PET bottle resin each are down 5 cents per pound, according to buyers and market sources contacted by Plastics News.
North America represents about 30 percent of the global consumption of flexible packaging. Annual growth in this region is forecast at 4 percent during the next 5 years.
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