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Bottles & Closures
October 2022 Raw Material Update

Here is a recap of price changes for Bottle & Closure Materials for October 2022 

North America
HDPE blow molding resin Down 3% to 4% in October
PP Injection molding resin Down by 7% in October
PET Bottle Resin Down by 4% in October after months of fairly stable prices over the past few months
PVC Bottle Resin -4% in October.  

Latin America
HDPE Flat in October
PP Down modestly in October

Europe
HDPE Resin -.11 Euros / kg in October
PP Down modestly in October
PET Bottle Resin -.10 Euros / kg in October
PVC Bottle Resin N/C

Asia
HDPE -$.12 / kg in October
PP -$.15 / kg for October
PET Bottle Resin Down sharply in October

Southeast Asia
HDPE Prices rolled over in October
PP Down modestly for October
PET -$.13 / kg in October

The 2023 Packaging Material Cost Forecast Update was completed in late January. This 325 page report has become an important part of purchasing and budgeting for more than half the top 25 Food and Consumer Products companies. 

  
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