PET bottle resin up 3 cents in July

By Frank Esposito
Senior Staff Reporter

Published: August 14, 2014 3:59 pm ET
Updated: August 14, 2014 4:34 pm ET

Image By: Jessica Jordan

Related to this story

Topics Materials Resin Pricing Materials Suppliers
Companies & Associations

Raw material pressure sent North American PET bottle resin prices up by an average of 3 cents per pound in July.

That increase comes after prices for the material increased by an average of 2 cents per pound in June. Those combined 5 cents worth of increases now have the North American PET market right back where it started price-wise in January. Prices had been flat in May after sliding a total of 5 cents in the first four months of 2014.

Market sources said that PET feedstock markets remained constrained in July after tightening in June. That tightness had helped the June increase take hold after it initially looked to be unsuccessful, they said.

Regional PET demand remains flat to slightly down so far in 2014, as a result of reduced consumption of carbonated soft drinks and of thinner water bottles requiring less resin per bottle. As a result, market watchers are skeptical of the need for the large amounts of new PET capacity that are set to hit the North American marketplace in 2015 and beyond. Unless domestic PET demand increases at a substantial rate, much of that material would have to be exported in order to avoid a flooding of the North American PET sector.

Now with 10 cents of price volatility through six months, the North American PET sector is on track to surpass its 2013 total of 12 cents of volatility. That total was the lowest posted by the market since 2007. From 2008-12, PET price volatility in the region had averaged almost 35 cents per year.


Comments

PET bottle resin up 3 cents in July

By Frank Esposito
Senior Staff Reporter

Published: August 14, 2014 3:59 pm ET
Updated: August 14, 2014 4:34 pm ET

Post Your Comments


Back to story


More stories

Image

PolyOne launches Geon BIO PVC using soy-based materials

April 24, 2015 11:48 am ET

More than a decade of research is paying off for Battelle Memorial Institute in the form of Geon BIO PVC compounds from PolyOne Corp.    More

Image

Study suggests infants at lower risk from BPA exposure than expected

April 23, 2015 4:58 pm ET

A new study shows that newborn babies may have less risk from bisphenol A exposure than originally thought.    More

Image

Braskem and Odebrecht reconsidering West Virginia plastics project

April 23, 2015 2:54 pm ET

Brazilian firms Braskem and Odebrecht have confirmed that they are re-evaluating Project Ascent, the major plastics and petrochemicals project they...    More

Image

DuPont center in India gets LEED Certification

April 23, 2015 1:07 pm ET

DuPont Co.'s Knowledge Center in Hyderabad, India, was awarded LEED certification by the U.S. Green Building Council.    More

Image

SiVance opens new R&D lab

April 23, 2015 12:07 pm ET

Milliken & Co. unit SiVance LLC has opened a new research and development lab for silicone and silane technologies in Gainesville, Fla.    More

Market Reports

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Injection Molding Market Analysis & Processor Rankings

Plastics News BUNDLED package contains our in-depth Market Analysis of the Injection Molding segment. You will gain keen insight on current trends and our economic outlook.

As a BONUS this includes PN's updated 2014 database of North American Injection Molders RANKED by sales volume. Sort, merge, mail & prospect by end market, materials processed, region, # of plants and more.

Learn more

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

Upcoming Plastics News Events

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 15, 2015 - September 17, 2015Plastics Caps & Closures - September 2015

More Events