Resin Prices
Prices for PVC and PET bottle resin both dropped in August, after two straight months of increases this summer. Frank Esposito cites slow housing demand for the PVC drop. He also explains the somewhat surprising drop in PET bottle resin prices, which followed price changes to raw materials.
Buyers are weathering significant price increases for polyethylene and polypropylene resins following production issues stemming from storms.
The PET market in Europe is enjoying a rare run of success with prices firming further over the last two months.
Post-industrial polypropylene resin pellets are increasing by a couple of cents in the third quarter.
North American PVC resin prices have increased since July 1, in part because of weather-related production outages.