Bottles & Closures
February 2019 Raw Material Update
Polypropylene injection molding resins were lower in the U.S. and Europe in February, a continuation of the sharp declines over the past few months.
Polystyrene resins moved lower in February but we expect that benzene prices will push PS prices higher in the coming weeks.
The 2019 Packaging Material Cost Forecast Update was completed in mid-January. This 270 page report has become an important part of purchasing and forecasting for more than half the top 25 Food and Consumer Products companies.
Polystyrene resins are projected to be the packaging material which could experience the most inflation in 2019. Benzene is perceived to be underpriced and a snap back is expected in Q1.
For a sample of our resin analysis and reporting, please request a