02-04 Nov, 2015 - Napa Valley, U S A
Embassy Suites Napa Valley
Embassy Suites Napa Valley
North American PET bottle resin prices has risen at an average of 3 cents per pound in the month of April, 2015. This rise has been attributed to the strong demand and higher feedstock costs.
The rise is the second consecutive monthly hike. In March, the prices rose 1-cent-per-pound while prices were flat in February after tumbling a total of 16 cents between the months of November and January.
While some buyers viewed the April rise at only 2 cents others saw it at 4.
Although market watchers were surprised by the upward movement, the surge in oil prices is also considered to have determined the price rise of PET bottle resins. Oil prices were around $51 per barrel on April 1 compared to just under $60 when the month ended.
More on PET resins trends in North America will be discussed at 2nd NAPET (North America PET Resin Trade, Recycling & Packaging) on 2-4 November 2105 in Napa Valley.
Email hafizah@cmtsp.com.sg or call +65 6346 9218 for details of the conference.
