How do I track resin prices?

With that disclaimer in mind, here are four resources you can use to find resin prices online.

  1. Plastics News. This website has been a trusted source of plastics information since its launch in 1996.
  2. The Plastics Exchange.
  3. Plastics Today.
  4. RecycleINMe.

How much does PP resin cost?

In 2021, the average global price of polypropylene (PP) was 1,285 U.S. dollars per ton. This was an increase of of roughly 36 percent compared with 2020. As of February 2022, the average price stood at 1,208 U.S. dollars per ton.

Are resin prices going down?

“With crude oil prices surpassing $100/bbl for the first time since 2014, other commodities priced sky-high alongside rampant inflation, and the threat of massive geopolitical disruptions, resin prices currently down some 40% from the 2021 highs seem like a bargain and seem poised to surge again this year,” he …

Are resin prices dropping?

The October PE price drop is the first seen in North America since April 2020, according to the Plastics News resin pricing chart, when demand initially dropped as markets began to assess the impact of the pandemic. Most regional PE prices are up a net of 38 cents so far in 2021 and 58 cents since January 2020.

Is there still a plastic shortage?

Typical plastic injection molding machine 2020 third-quarter demand for plastics was strong in all three markets. Demand remains strong in the first quarter of 2021 and continues to increase.

How much does resin cost per pound?

The national average price of polypropylene (PP) post-consumer materials is now 39.24 cents per pound, compared with 35.38 cents last month. The resin’s national average was 3.69 cents per pound one year ago.

Has resin gone up in price?

Resin prices surged The market has plateaued a little bit, at least for now. But manufacturers continue to report higher prices and short supplies of resin-related products, according to the Institute for Supply Management’s October Manufacturing Report on Business.

Why did PVC prices go up?

Globally, PVC supply has been constrained in 2021 and the shortage has been a major contributor to the rise in global prices, with scheduled maintenance, weather-related disruption and force majeure declarations adding to the pressure.

Will PVC prices go down in 2022?

“This market condition will likely continue through the balance of 2021, and some effects will most likely linger into 2022. The current situation, with its rising resin costs, is expected to keep PVC prices elevated for the balance of 2021 and into 2022,” added Milius.