Prices for all commodity resins fell in October, with the latest news being a 3 cent drop in North American polyethylene prices.
PN Senior Reporter Frank Esposito covered the changes in the November Polymer Points Live editorial livestream (see video below).
Esposito said buyers had been expecting the decrease, since there is plenty of PE resin on hand. “It’s a return to the traditional October of lower prices in the fall,” he said.
PN will show the drop on its resin pricing chart on Nov. 21, and in the Nov. 25 print issue.
Prices of polypropylene, PVC and polystyrene also fell in October. Recycled PET bucked the trend, however, showing an increase fueled by demand from bottled water suppliers and companies trying to meet sustainability targets.