Bottles & Closures
July 2017 Raw Material Update
We recently introduced a new feature, Price Tracker. This provides subscribers with a three year history on materials for all regions in spreadsheet format.
PE resins declined in May and June and have begun to stabilize in July.
Polypropylene resin prices have given up most of the increases which were passed through in Q1. Net PP resin prices are higher by $.04 to $.06 / lb. from Q4 of 2016. Most other reports are indicating much greater price moves.
PET bottle resins moved up modestly in June and July, but certainly not what resin producers had set as objectives. Input costs are simply not sufficiently supportive given over-supply in the resin market globally.
The 2018 Packaging Material Cost Forecast Update was published in June of 2017. This 265 page report has become an important part of purchasing and forecasting for more than half the top 25 Food and Consumer Products companies.
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