Regional prices for PET bottle resin moved up an average of 3 cents per pound in January after rising 1 cent in December.
Beverage suppliers are building inventories of the material in advance of higher consumption during warmer summer months.
Regional PET prices showed a net decline of 1.5 cents per pound for full-year 2020. Bottled water has been the largest beverage market in the U.S. since 2016, when it surpassed carbonated soft drinks, according to the Beverage Marketing Corp.
Plastics News also is showing corrected prices for three resin grades in the Feb. 8 issue.
Prices for amorphous and crystalline PET (APET and CPET) resins are being corrected downward by 10 cents per pound. Prices for dispersion PVC are being corrected downward by 18 cents per pound.
The corrected prices show changes that have occurred for prices on those materials since early 2018.