PP Prices May Plunge, Others Are Mostly Flat
PP prices appear on the verge a major downward trajectory, with some potential of a modest downward path for others.
Lilli Manolis Sherman
Senior Editor
Prices of Volume Resins Drop--Except for PE
The downward trajectory appears to be continuing into the first quarter for most resin prices, though PE and possibly PP may remain somewhat stable.
Prices Flat for PE; Down for PP, PS, PVC; Up for PET
Prices for both polyolefins and PS seemed to be bottoming out as production rates were lowered.
Resin Prices Still Dropping
This downward trajectory is expected to continue, primarily due to slowed demand, lower feedstock costs and adequate-to-ample supplies.
Prices of Volume Resins Drop
Price relief is expected to continue through the fourth quarter for nine major commodity and engineering resins, driven by widespread supply/demand imbalances.
Prices of All Five Commodity Resins Drop
Factors include slowed demand, more than ample supplier inventories, and lower feedstock costs.
Still an Up-and-Down Picture for Commodity Resin Prices
Supply/demand imbalances or sharply rising feedstock costs account for the mixed pricing trajectory for the five biggest-volume resins.
