North American polypropylene resin prices continued an unpredictable 2021 by falling an average of 12.5 cents per pound in March, but signs point to price hikes soon.
Demand for PP resin remained strong across many end markets in March. The price decline was the result of a demand drop for propylene monomer feedstock.
Propylene demand was down as many PP resin plants were struggling to come back from outages caused by Winter Storm Uri, which hit Texas in mid-February. Regional propylene monomer prices were down 18.5 cents per pound in March.Polypropylene resin pricing roller coaster continues its wild ride in March