Even multiple production hiccups couldn’t move this resin market.
As we enter mid-Q4, the theme is clear across North America: flat pricing, weak demand, and oversupply.
In this week’s Resin Market Moves, Michael breaks down what’s really happening across the major resin families — and what it means for buyers trying to hold the line on costs.
Resin Market Highlights:
Polyethylene (PE):
Dow, ExxonMobil, and CP Chem reported short-lived production issues, but inventories remain near record highs.
October’s proposed +3–5¢/lb increases? Still unlikely to stick.
Polypropylene (PP):
Feedstock propylene (PGP) crashed below $0.25/lb, the lowest since 2022.
No margin increases announced — weak fundamentals continue.
Polystyrene (PS):
Feedstocks fell sharply, with benzene down nearly $0.50/gal, pushing PS contracts lower again.
ABS & Polycarbonate (PC):
Stable to slightly soft. Auto sector improving, but not enough to move pricing.
Sabic’s +10¢ ABS increase for November faces buyer resistance.
PVC:
Still sluggish. Construction remains slow, with high inventories and no October increase nominations.
PET:
Flat for September and early October, though producers continue testing +6–9¢/lb increases. Market data doesn’t support it.
Key Takeaway:
Feedstocks are easing. Inventories are heavy.
And producer price-increase letters are running on fumes.
Now is the time for buyers to stay disciplined, benchmark their pricing, and push back with confidence.
That’s what ResinSmart was built for — real-time resin benchmarking, forecasting, and market transparency for processors who are tired of guessing.
Learn more or request a benchmark demo: https://www.ResinSmart.ai
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