Plastics, resins & HDPE report: January 2019
The expectation is that prices for HDPE will remain lower until spring. There have been no significant supply disruptions but sluggish demand of late pulled prices lower toward the end of the year. There was a sharp December price drop attributed to a larger-than-expected stockpile of feedstock and resins. Spot HDPE fell to 0.53/lb., down from 2018 highs of 0.68/lb.
Much of this price drop is expected to reverse in the spring months. Tariff concerns have affected this sector as well, mostly on an indirect basis.
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