North American buyers of commodity resins could see more price decreases in July, as a result of lower feedstock costs and a slumping economy, Senior Reporter Frank Esposito said in the July Polymer Points Live.
“We may be getting back to a traditional seasonal [pattern],” where prices decrease in the summer months, he said. But the wild card is whether fires at two Gulf Coast chemical complexes have an impact on any resins, including polyethylene and polypropylene. Even then, the impact could be flat pricing instead of decreases, because of the market conditions.
Plastics News may also show decreases for engineering and recycled resins later this month.