Commodity resin prices on the rise at the start of 2023

Commodity resin markets started 2023 with a bang, with four of those materials seeing higher prices during January and at least two more in February.

North American prices for PVC and polystyrene resins both increased in February.

PVC prices moved up an average of 1 cent per pound for the second consecutive month, according to market sources contacted by Plastics News. Availability of PVC remained somewhat tight again in February, as construction industry buyers began to make purchases ahead of spring construction.

The January hike ended a streak of six consecutive monthly price drops for PVC, including a 6-cent decline in December. PVC prices finished 2022 down a net of 31 cents. Residential construction in the U.S. has slowed as interest rates increased.

Commodity resin markets started 2023 with a bang, with four of those materials seeing higher prices during January and at least two more in February.

North American prices for PVC and polystyrene resins both increased in February.

PVC prices moved up an average of 1 cent per pound for the second consecutive month, according to market sources contacted by Plastics News. Availability of PVC remained somewhat tight again in February, as construction industry buyers began to make purchases ahead of spring construction.

The January hike ended a streak of six consecutive monthly price drops for PVC, including a 6-cent decline in December. PVC prices finished 2022 down a net of 31 cents. Residential construction in the U.S. has slowed as interest rates increased.

Commodity resin markets started 2023 with a bang, with four of those materials seeing higher prices during January and at least two more in February.

North American prices for PVC and polystyrene resins both increased in February.

PVC prices moved up an average of 1 cent per pound for the second consecutive month, according to market sources contacted by Plastics News. Availability of PVC remained somewhat tight again in February, as construction industry buyers began to make purchases ahead of spring construction.

The January hike ended a streak of six consecutive monthly price drops for PVC, including a 6-cent decline in December. PVC prices finished 2022 down a net of 31 cents. Residential construction in the U.S. has slowed as interest rates increased.

source : https://www.plasticsnews.com/resin-pricing/higher-resin-prices-start-2023

edit : handler