Anticipating price reductions, processors are buying minimal quantities as needed or to fill in supply gaps. However, resin price increases are on the table for April.
Cambridge Consultants (Cambridge, England) sees a great opportunity for polyhydroxyalkanoates (PHA) bioplastics in convenience food packaging—Catherine Joce, sustainability and circular economy lead, explains why.
PlasticsExchange analysts expect some negative price impact on at least low-density polyethylene, which seems to be the primary commodity resin targeted by China.
Spot polypropylene prices have eroded $0.08/lb from their January high and are below the hurricane-induced plateau, reports the PlasticsExchange (Chicago).
