PP faces double-digit price hike

Plastics Apr 29, 2011 No Comments

PolypropyleneThe North American polypropylene market has been hammered with another double-digit price increase, this time sending prices up an average of 15 cents per pound since April 1.

PP prices are now at their highest-ever levels – numerous buyers have said – and are having a negative impact throughout the market.

Factoring in a 17-cent hike that hit the regional PP market in January — and a 5-cent price dip in March — North American PP prices now are up a net of 27 cents since Jan. 1. That’s an increase of more than 25 percent, based on the Plastics News resin pricing chart.

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via Plastics News – PP faces double-digit price hike.

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Rod Sherkin

Rod is a former senior executive, responsible for Purchasing, for both Pillsbury and Ball Packaging back in the 80’s and 90’s. Since then, he has continued to work in the Purchasing field as both a consultant and founder of the website Propurchaser.com.

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