Frank Esposito offered opinions on near-term pricing trends for polyethylene, polypropylene, polystyrene, PET, PVC, polycarbonate and other resins in the Aug. 15 Polymer Points Live. But he noted that buying trends, the sluggish economy and feedstock pricing made predictions difficult.
“The same trends that made July hard to predict are kind of still around,” Esposito said. He noted that resin distributors believe that the destocking trend that followed the pandemic may be normalizing, and buyers are getting back to buying based on “true demand.”
Other topics include the volatile global PP market, which appears to be approaching an oversupply situation; the impact of the Yellow Corp. bankruptcy on plastics, and recycled resin pricing trends.
