PE settled down 15 cents for June. PP settled down 8.5 cents. No proposed price increases in either market for July. Resin buyers are holding the leverage across most major commodity materials.
But a mid-week geopolitical shock just changed the math for a significant portion of the market.
The collapse of the U.S.-Iran ceasefire framework pushed crude back above $70 per barrel and sent benzene spot prices sharply higher, landing directly in the August contract trading window. For buyers of ABS, polycarbonate, PA66, PA6, and polystyrene, that development tightens the cost relief window — and shifts the urgency from August to July.
In this episode, Michael Workman delivers the full resin market sweep for the week of July 10. Every major material covered: PE, PP, PS, ABS, PC, PVC, PA66, PA6, and PET — with specific buyer actions for each.
Topics covered:
- PE and PP: what's driving the buyer advantage and how to use it
- The benzene wildcard: what happened mid-week and why it matters for five resin categories
- INEOS Styrolution's permanent closure of a major North American PS facility
- Why ABS and PC buyers need to act in July, not August
- PVC demand conditions and the housing market drag
- PET and the hurricane season risk for Q3 Gulf Coast supply
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