Resin Pricing
North American markets for polyethylene, polypropylene and PET bottle resins came racing out of the gate in January, with all three posting price hikes.
Plastics News is showing nonmarket price adjustments on polyethylene resin in this week's issue.
After a brief bump in recycled PET resin prices in late 2024 due to increased demand driven by hurricane disruptions to municipal water systems, pricing settled into traditional seasonal levels.
North American PET bottle resin marked the fifth consecutive month with lower prices.
Resin makers needed to clear out excess inventory, one report states, adding the start of 2025 should see a rally in pricing.
North American prices for PET bottle resin continued to slide through the third quarter as seasonal demand for bottled water and cold drinks drops.
Polypropylene prices have dropped three months in a row, but industry forecasts predict tighter supply and potential price increases in early 2025.
A drop in seasonal demand was cited as a reason for the November price drop, as construction activity across most of the U.S. slowed with the start of colder weather.
Temperatures, leaves and commodity resin prices all fell in North America in October.
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