Polymer Points
PET bottle resin fell by an average of 2 cents per pound in May, becoming the third commodity resin to see a decrease in the month due to lower demand and feedstock costs.
Two major commodity resins saw lower prices in North America in April, while one material saw a slight increase.
Tightening supply and demand figures, along with rising feedstock costs, push most commodity resin prices higher.
With the economy slowing down, North American commodity resin prices are falling. In the livestream, senior reporter Frank Esposito recapped all the latest drops, including September decreases for polystyrene, PVC and PET bottle resin. He also gave insight into what’s likely for polyethylene and polypropylene in September and a longer-term outlook for some resins.
North American commodity resin prices were on the move in July, with four materials falling and one seeing a sizable increase.
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