North American selling prices for PET bottle resin ticked down a penny per pound in November, due in part to lower seasonal demand.
PET bottle resin prices now have fallen for four consecutive months. The 1-cent November drop followed declines totaling 8 cents from August-October.
PET prices now are down a net of 3 cents per pound in 2015. The market continues to struggle with overcapacity and reduced demand from makers of carbonated soft drinks, its largest end market. Demand for bottled water is up, but thinner bottles are using less PET per bottle than they did in previous years.