Resin Costs

Resin prices exploded higher in March on shipping difficulties through the Strait of Hormuz on shipments of resins and naphtha through the Strait.  Asia and Southeast Asia have been particularly hard hit and shortages and downtime have occurred.

Impact on rigid plastic packaging by region is outlined below.

HDPE Resin  +18%

PP Resin  +17%

PET Resin  +6%

PVC Resin  +30%

GPPS Resin  +13%

HIPS Resin  + 14%

HDPE  +34%

PP Resin  +42%

HDPE +11%

PP Resin  +3%

PET Resin  +1% 

GPPS Resin  +7%

HIPS Resin  +6%

HDPE Resin  +22%

PP Resin  +42%