Harvey Causing Commodity Resin Price Increases Two Months Later

On October 24, 2017 | by Formtech | in Featured News, Hurricane Harvey Updates, Industry News

Two months after Hurricane Harvey came through Texas, the plastics industry is still seeing effects on resin prices. In September, pricing for PE, PS, PET, and PP increased, and sources say that October is likely to see increases as well due to supply strain and transportation shortages, including an anticipated 5-cent increase for PVC. Though production has resumed in their Point Comfort, Texas location, Formosa Plastics Corp. USA is still operating under force majeure, contributing to the expected hike.

For more information, contact us or check out this article by Plastic News. You can keep up with our blog on all things Hurricane Harvey here.