AKRON, OHIO — Supply issues led North American prices for polypropylene and high density polyethylene resin to climb in June.PP prices moved up an average of 3 cents per pound, as three companies now have reported production challenges. HDPE prices got nudged up an average of 2 cents per pound as a result of supply issues on both the resin and feedstock sides, and stronger demand.
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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