Plastics, resins & HDPE report: March 2018
Most PVC markets are announcing seasonal price increases due to increased demand and increased resin costs. Supply still appears strong as most of the manufacturers try to push through another increase. As spring demand increases, one price increase has been firmed up and manufacturers are already working on another. Resin prices have grown slightly, returning to and then surpassing fall levels seen during hurricane season. Currently, resin prices are at a two-year high.
HDPE resin prices continue an upward trend with an increase February and another one scheduled for March. There had been some shortages of resin, but, for the most part, that issue has dissipated with most plants back to normal production. That said, orders for large-diameter pipe are being quoted with June deliveries at this time. A major contributing factor for the overall "hot" market is the oil and gas markets. Pipe producers are hoping for some softening in prices in late spring or early summer.
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