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Bottles & Closures
May 2021 Raw Material Update

Here is a recap of price changes coming into May.  Spot prices remain volatile and further price increases are inevitable until markets settle down.  Monomer prices have corrected as production comes back on line in North America but there continues to be supply outages for monomers and resins in Asia and Europe.
North America
HDPE blow molding resin +5%
PP Injection molding resin Down sharply as propylene monomer prices collapse
PET Bottle Resin Stable in April as upstream costs have not been supportive despite stronger bottle demand
PVC Bottle Resin +7%.  PVC resins are experiencing shortages globally as the peak season for demand is in full s
                                                         swing.
Latin America
HDPE Flat
PP -10%

Europe
HDPE Resin +2%
PP +4-5%
PET Bottle Resin +6%
PVC Bottle Resin +2%
Polystyrene  +15% +

Asia
HDPE +10%
PP Flat to down modestly
PET Bottle Resin -6%
PVC Bottle Resin +3-4%
Polystyrene +14%

The 2021 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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