PET bottle resin prices on the rise

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Give or take a spring blizzard, temperatures in North America are moving out of winter, and PET bottle resin prices are on their way up as well.

PET prices rose 1 cent per pound in February, after declining by that same amount in January and dipping 4 cents per pound in December.

Market watchers said the 1-cent February hike was largely feedstock driven, with some help from higher oil prices.

PET demand typically moves upward in the spring months, as processors prepare for higher sales of bottled water and carbonated soft drinks when temperatures rise across most of the United States.

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