This week on Resin Market Moves, Michael Workman covers the full Q2 resin market picture from the prior week.
The headline: producers are moving beyond cost recovery and into margin expansion — layering increases across March, April, and now May in PE and PP. The Hormuz situation is real supply risk and it's providing strategic cover for moves that were coming regardless.
This episode covers PE, PP, ABS, PS, PC, Nylon 6, PA66, PVC, and PET — with a specific buyer action for each.
The two critical markets this week: ABS and PS. Benzene is above $4.00/gal. Multiple producers have April increases on the table. If you don't have a qualified alternate, you are unprotected heading into June nominations.
The opportunity market: PC. BPA is flat. China oversupply is capping the ceiling. The buyer leverage window is open right now and will not stay open.
Also covered: force majeure declared on PA66 in China, what the Invista PDH outage means for PP, and why new home sales hitting a 3.5-year low matters for your PVC contracts.
Purchase wisely.
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