Resin prices have corrected more dramatically than we projected when we prepared our 2027 Forecast in June.  Prices in some regions overshot the mark as export offers were highly aggressive in June and July.  This has resulted in PE and PP resin volatility during August.  And this is expected to continue until the situation in the Middle East gets resolved.

Noteworthy impact on rigid plastic packaging by region is outlined below.

PP Resin  +8%

PET -3%

PP Resin +3%

+10%+