The 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.