North American polypropylene resin prices ticked up another penny per pound in November, while regional prices for nylon 6 and 6/6 resins and some recycled grades of PET bottle resin have increased in recent months as well.
The 1-cent PP hike marked the second straight month that market prices had moved up by that amount. Prices had jumped 7 cents per pound in September as the market reacted to temporary shortages caused by Hurricane Harvey.
North American PP sales grew just over 1 percent in the first 10 months of 2017, according to the American Chemistry Council. Domestic sales grew 2.5 percent in that period, but were softened by a 32.5 percent plunge in exports.
Domestic sales of PP into injection molded housewares surged almost 5 percent for that 10-month stretch. PP sales into sheet jumped almost 9 percent.