Polyethylene resin prices were reported as holding steady to falling a bit in November after suppliers failed to gain support for a 4-cent-per-pound price hike in October. Most HDPE grades were reported to have fallen sharply. Analysts writing in the plastics publications mostly predict a flat market for the remainder of the year. Although oil prices have risen from their lows earlier in the year, they haven’t gone high enough to have a major impact on plastic feedstocks.
A similar story held for PVC prices, which reportedly were more or less flat for eight consecutive months through October. Inventory buildup and seasonal slowdowns were making it difficult for suppliers to enact price increases despite several efforts.