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 teporter Frank Esposito said in the July Polymer Points Live.
OMV AG and Abu Dhabi National Oil Co. have started talks that could lead to a combination of the companies’ Borealis and Borouge polyolefin joint ventures. Also, we’re watching for any impact on resin production from two fires on the U.S. Gulf Coast.
Polyethylene resin prices had an unexpected boost in January. PET bottle resin prices also rose a few cents last month even with bottling season still coming up. Frank Esposito stops by Material Insights to dive into more information behind these somewhat surprising changes.