Plastics, resins & HDPE report: January 2018
The PVC market is experiencing seasonal weakened demand and very good supply. This has led PVC manufacturers to begin discounting further from the September price than they have in previous months. This likely is to continue until spring, unless there is a big increase in demand or disruption in the supply of resin. Currently, PVC pricing appears to be stable or decreasing.
Resin producers have implemented increases that should be seen in the market by February 1. The demand for HDPE products is very strong and rising, providing support for the resin producers to hold firm on this increase and could bode well for further increases over the next 90 days, but trying to read their minds involves a lot of guesswork. One may think with additional resin capacity coming online that producers may hold on increases. However, this is doubtful because of the lure of the export market.
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