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One resin firm limits sales as firms recover from Ida
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Resin markets may feel wrath of Ida while recovering from past weather blasts
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PP prices down, other commodities up in a turbulent March
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Polypropylene was the odd resin out in March, with North American prices falling, while prices for other commodity resins in the region saw increases.
PP prices fell an average of 12.5 cents per pound in March. Demand for the material remained strong across many end markets. The price decline was the result of a demand drop for propylene monomer feedstock.
Propylene demand was down as many PP resin plants were struggling to come back from outages caused by Winter Storm Uri, which hit Texas in mid-February. Regional propylene monomer prices were down 18.5 cents per pound in March.
Price hikes bring resin buyers a less than happy new year in January
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The resin price hikes that complicated the end of 2020 kept on rolling right into the first month of 2021.
North American polypropylene prices absorbed the heaviest blow, surging an average of 13 cents per pound in January, after jumping 14 cents in December. That two-month total of 27 cents in increases has led some processors to issue price surcharges on PP-finished products.
And more PP price hikes could be on the way, as prices for polymer-grade propylene monomer feedstock continue to rise, recently topping 80 cents per pound. Regional PP prices now are up 46.5 cents per pound since May.
Resin prices continue to hammer processors in 2021
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Resin buyers hoping to ease into 2021 had a rude awakening, as a series of price hikes have taken hold in North American markets for polypropylene and other commodity materials.
PP prices have surged an average of 13 cents per pound since Jan. 1, after jumping 14 cents in December. The eye-popping two-month total of 27 cents in increases has led some processors to issue price surcharges on PP-finished products.
Regional prices for polyethylene are up an average of 5 cents per pound since Jan. 1, with PVC prices up 4 cents and prices for solid polystyrene up 5 cents, according to buyers and market sources contacted recently by
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