Go to Video Section

Material Insights: PET prices up, polypropylene down

North American prices for PET bottle resin and polypropylene have moved in different directions lately. PET is up a net of 4 cents per pound since Aug. 1 following increases in August and September and a drop in October. The changes are featured in this week's Material Insights video.

Published: December 2, 2013 4:27 pm ET
Updated: December 2, 2013 6:28 pm ET

North American prices for PET bottle resin and polypropylene have moved in different directions lately. PET is up a net of 4 cents per pound since Aug. 1 following increases in August and September and a drop in October. The changes are featured in this week's Material Insights video.

Changes in price for paraxylene and PTA feedstocks affected the PET market. Bottle resin demand didn't play much of a role, as sales have been up one to two percent at most so far in 2013. The resin price increases also didn't do much to improve profit margins at the region's PET-making firms, market sources told Plastics News.

Even after the net 4-cent hike, regional prices for PET bottle resin remain down a net of 2 cents per pound so far in 2013, according to the Plastics News resin pricing chart. Buyers said more price drops are possible before the end of the year as seasonal demand continues to slow down.

In the regional polypropylene market, prices fell 1 cent per pound in November as demand tapered off. That drop follows a 2-cent drop in October. Regional polypropylene prices now are down a net of 7 cents per pound so far in 2013.

The November drop was shaping up to be 2-4 cents per pound before spot prices rallied late in the month. In addition to weak demand, sources said the 1-cent drop was tied into a decline in prices for polymer-grade propylene feedstock.

Other news in the video report include the Saudi Basic Industries Corp. opening two new technology centers, in India and China, and a report that plastics-to-oil recycler Vadxx Energy is getting closer to building a plant in Akron, Ohio.

Market Reports

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Thermoformed Packaging 2014 Market Review & Outlook – North America

This in-depth report analyzes economic and market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as growth strategies being implemented by thermoformed packaging companies.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

More Events