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Bottles & Closures
March 2018 Raw Material Update
HDPE resins moved up in North America in March but declined in Europe and Asia.  In North America, a portion of the announced price increase succeeded after considerable volatility in January and February.
PP injection molding resins decreased in North America but increased in Europe and Asia. 
We should note that polypropylene resins did not increase as much as some reports had suggested in early 2018.  Some reports had indicated a 15% to 20% increase,  but have now had to issue corrections.  Our assessment is that PP resins have moved upward by less than 10% in January / February after a sharp decline in mid-February for propylene monomer.  The downward trend in our North American PP resin pricing report is therefore somewhat muted for March, about 4%.
PET bottle resins increased in all regions in March.
Polystyrene resins increased in all regions coming out of February but have turned bearish by mid-March on downward corrections to styrene monomer prices over the past couple of weeks.

The 2018 Packaging Material Cost Forecast Update was published in January of 2018.  This 279 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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