Bottles & Closures
May 2024 News
HDPE
Lower in North, Latin America and Europe but up modestly in 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. A challenging Atlantic hurricane season is forecasted for this year and that could impact most resins in Q3 or Q4
PP
Down by 15% in North America and down by 2% in Latin America
Lower by less than 1% in Europe
Up marginally in China but flat in Southeast Asia
PET
Unhanged in North America on relatively benign input costs
Down by 2% in Europe
rPE
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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