Bottles & Closures
March 2024 News
Materials from February
HDPE
Flat in North America
Up by about 8% in Latin America
Up marginally in Europe and Asia
PE resin fundamentals remain unchanged. There is a structural oversupply of ethylene globally in this will continue to weigh on the PE resin market this year. An ice storm in the U.S. Gulf Coast region has caused some short term volatility but this will fade away in the coming weeks.
PP
Up by 6% in North America and up by 8% in Latin America
Up marginally in Southeast Asia
PET
Unhanged in North America on relatively benign input costs
Up by 6% in Europe
Flat in Asia
PVC
Higher by 4% in North America
Polystyrene
Up marginally in North America but higher by 6% in Europe
The 2024 Packaging Material Cost Forecast Update was completed in late January. This 340 page report has become an important part of purchasing and budgeting for more than half the top 25 Food and Consumer Products companies worldwide.
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