- Producer prices for HDPE pipe were down 0.1% M/M (down .5% last month) and were down 3.5%
- Y/Y (down 3.2% Y/Y last month). Plastic pipe fittings and unions were down .3% M/M (down
- .5% last month) and yet were up 5.1% Y/Y (up 7.5% last month).
The HDPE industry is still expected to grow at a 3.8% CAGR from 2019‐2024 according to Lucintel.
Key factors that could affect supply or price
- The resin increase scheduled for October didn’t happen and some are forecasting a slight dip in November. Business appears to be good to very good and in the absence of any upstream disruption, pricing appears to be stable and will most likely stay this way for the balance of the year.