Plastic and Resin Pricing News

Four of five major commodity resins saw North America price increases take hold in April.

Polyethylene prices for April rose by an average of 4 cents per pound as oil prices recovered from less than $38 per barrel early in the month to around $45.

Oil is a global price setter for PE, although natural gas is the most common PE feedstock in North America.

Just about everyone in the PE market sees the massive wave of capacity starting to come online soon, and PE processors are anxious to start enjoying a multi-year buyers market.

North American PE markets also could be tightened by the April 20 explosion at a plant in Mexico that made ethylene feedstock and other petrochemical products. The incident has resulted in at least 32 deaths and causer force majeure to be declared on products made there.
Plastics News May 2016

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